TradingKey –Â Microsoft(MSFT)’s fourth-quarter fiscal report, published July 29, describing record earnings and revenue, has led to an increase in stock price on the order of 15%, and an approximate of $450 billion dollars of market cap added to its stock, which previously established the record for markets. This report is a welcome anomaly during a week of generally dismal stock performance, which was characterized by negative stock appreciation.
The Quarter Was a Genuine Beat and Raise
The report showed quarterly revenues of $90.01 billion, 18% year on year (YoY) and $2.42 billion (2.7%) greater than consensus estimates of $87.62 billion. Adjusted earnings per share also beat earnings estimates by approximately 12% at $4.74. The…
