Microsoft stock rose 2% after the company released better-than-expected quarterly earnings and guidance.
Here are the key numbers:
- Earnings: $1.37 per share, excluding certain items, vs. $1.21 per share as expected by analysts, according to Refinitiv
- Revenue: $33.72 billion, vs. $32.77 billion as expected by analysts, according to Refinitiv
On an annualized basis revenue grew 12% in the fourth quarter of Microsoft’s 2019 fiscal year, which ended on June 30, according to a statement. It’s the ninth straight quarter of double-digit annualized revenue growth, according to FactSet.
Microsoft shares have gained 34% this year, pushing the company past a $1 trillion market cap as investors continue…