Microsoft Stock Rises in After-Hours Trading Following Q3 Results
Market Summary
Microsoft Corporation (MSFT)
* Stock Price: $409.06 * Change: +1.49 (0.37%) * Volume: 15,602,523 * After-Hours Trading: +0.037 (0.01%)Shares of Microsoft Corporation (MSFT) witnessed a slight gain in after-hours trading on Monday, following the release of its strong third-quarter financial results.
The tech giant reported a 20% year-over-year growth in revenue, driven by strong performance in its cloud, productivity, and personal computing segments. Microsoft's net income also increased by 21%, reflecting the company's continued dominance in the technology industry.
Analysts had expected Microsoft to report a revenue of $49.05 billion and an earnings per share (EPS) of $2.19 for its fiscal third quarter. However, the company exceeded both expectations, reporting a revenue of $49.36 billion and an EPS of $2.23.
The positive results have boosted investor confidence in Microsoft's long-term prospects. As a result, the stock price has gained momentum in after-hours trading, indicating a bullish sentiment among investors.
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