Microsoft CEO Satya Nadella. Photo: Microsoft

PC giants Intel and Microsoft turned in better-than-expected financial results on Thursday even as the companies that rely on smartphones warned of sluggish demand.

The bottom line: In both cases, it was their data center businesses, not PCs, fueling the growth. That said, it must come as some comfort to executives and long-term shareholders as both companies have taken lots of lumps for missing out on the mobile wave.

Intel: The chipmaker posted $4.2 billion in adjusted earnings, or 87 cents per share, on revenue of $16.1 billion. That compares with expectations of 71 cents in per-share earnings on revenue of around $15 billion, according to Zacks. Intel also hiked its full-year revenue and earnings forecasts.

Shares soared after-hours, with shares trading recently at $57.40, up $4.35, or more than 8%.

Microsoft: The software giant posted earnings of 95 cents per share on revenue of $26.8 billion. That was ahead of Wall street's estimates of 85 cents per share, on revenue of $25.7 billion. Investors weren't fully satisfied, though. Shares were down slightly after hours, changing hands recently at $92.32, down $1.94 or 2%.

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Louisville police declare state of emergency as Breonna Taylor decision looms

A demonstrator holds up a sign of Breonna Taylor during a protest in Louisville, Kentucky. Photo: Brandon Bell/Getty Images

The Louisville police chief declared in a memo obtained by news outlets a "state of emergency" for the department on Monday to prepare for Kentucky Attorney General Daniel Cameron's expected announcement on the Breonna Taylor case.

Of note: Louisville has witnessed more than 115 days of protests over the police killing of Taylor, an unarmed Black woman, with calls for all the officers involved to be charged.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 31,1833,800 — Total deaths: 962,793— Total recoveries: 21,348,410Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 6,833,800 — Total deaths: 199,818 — Total recoveries: 2,615,949 — Total tests: 95,841,281Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: U.K. upgrades COVID alert level as Europe sees worrying rise in infections — "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.

Sen. Cory Gardner on vacant Supreme Court seat: "I will vote to confirm"

Photo: Alex Wong/Getty Images

Sen. Cory Gardner (R-Colo.) will vote to confirm President Trump's nominee to replace the late Ruth Bader Ginsburg, he announced in a statement Monday.

Why it matters: The development is a win for President Trump and Senate Majority Leader Mitch McConnell (R-Ky.). It should mean Republicans are all but assured to have enough support to hold hearings for Trump's potential nominee.

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