Why Microsoft Stock Popped Today
Investors were enthusiastic about Microsoft's (NASDAQ: MSFT) stock this morning after the company reported better-than-expected sales and earnings for its third quarter.
The tech stock had gained 6.5% as of 11:37 a.m. ET.
Microsoft reported earnings per share of $2.22, up 9% from the year-ago quarter, and ahead of analysts' consensus estimate of $2.18. The tech company's sales of $49.36 billion -- up 18% year over year -- also outpaced Wall Street's expectation of $49.03 billion for the quarter.
Source Fool.com
