130.49 +5.48 (4.38%)
Pre-Market: 6:22AM EDT
|Bid||130.02 x 800|
|Ask||130.20 x 2200|
|Day's Range||124.52 - 125.85|
|52 Week Range||92.45 - 125.85|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||27.77|
|Earnings Date||Jul 17, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||1.84 (1.56%)|
|1y Target Est||129.25|
Microsoft reported better-than-expected fiscal third-quarter financial results, which sent the stock soaring in after-hours trade.
U.S. stocks slipped amid another busy day for corporate earnings, which featured mixed results from industrial heavyweights Caterpillar and Boeing.
Microsoft has proposed scrapping a policy in Windows that requires users toperiodically change their login password
U.S. stock futures traded mixed on Thursday and global stocks were mostly lower as weaker data and dovish central bank actions added to concerns over the pace of world growth and offset strong corporate earnings. A surprise contraction in first-quarter GDP in South Korea, followed by pledge from the Bank of Japan to keep interest rates near zero until at least next year, matched a similar dovish tilt from the Bank of Canada on Wednesday and weakening German business sentiment, driving investors into safer assets. Amazon and Comcast are holdings in Jim Cramer's Action Alerts PLUS member club.
Microsoft shares are set to open at a record high Thursday after the iconic cloud computing group blasted Wall Street forecasts in its third quarter earnings report and predicted further growth in the ...
Dow Jones futures: Facebook, ServiceNow, Microsoft and Lam Research were big earnings movers late, but Xilinx tumbled. Tesla and Chipotle were up and down.
Microsoft shares ended regular trade down 0.34% at $125.01, giving the company a market capitalization of $959 billion. Microsoft needs to close with a share price of at least $130.50 for a market capitalization of $1 trillion. "Leading organizations of every size in every industry trust the Microsoft cloud.
The Redmond, Washington-based company beat Wall Street estimates for quarterly profit and revenue, powered by an unexpected boost in Windows revenue and brisk growth in its cloud business which has reached tens of billions of dollars in sales. Microsoft shares rose 4.4% to $130.54 in late trading after the forecast issued on a conference call with investors, pushing the company ahead of Apple Inc's $980 billion market capitalisation. Microsoft's stock has gained about 23% gain so far this year, after hitting a record high of $125.85 during regular trading hours.
Net income was $8.8 billion, or $1.14 a share, compared with an average analyst estimate of $1 a share, according to data compiled by Bloomberg. The fiscal third quarter featured a flurry of large brands, particularly in retail, signing agreements to use Microsoft’s Azure cloud software. Clients included grocer Kroger Co., Walgreens Boots Alliance Inc. and oil company Exxon Mobile Corp. Some, such as Walgreens, also committed to using cloud-based Office and security software.
Microsoft Corp. shares rose in the extended session Wednesday, pushing the tech giant toward a $1 trillion valuation as cloud growth continues to boost the company’s finances.