Morning News Leader: Microsoft Moves Higher on Q4 Earnings Beat
Microsoft Corporation (MSFT) is up 2.3% Friday morning following the company’s better than expected fiscal fourth-quarter report Thursday night. Microsoft posted earnings of $1.37 per share on revenue of $33.7 billion, versus the consensus for $1.21 per share on sales of $32.77 billion.
Microsoft Corporation (MSFT) is a diversified technology company.
Kansas City Southern (KSU) and State Street Corporation (STT) top the list of other companies with positive news today, while American Express Company (AXP) and Chewy, Inc. (CHWY) top the list of companies with negative news.
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About Microsoft Corporation
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three overarching segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops). Through acquisitions, Microsoft owns Xamarin, LinkedIn, and GitHub. It reports revenue in product and service and other revenue on its income statement.