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Why Shares of MicroStrategy Jumped Today

TheMotleyFool

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Why Shares of MicroStrategy Jumped TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Shares of MicroStrategy (NASDAQ: MSTR) rose on Wednesday after the enterprise software provider reported its fourth-quarter results. The company posted a small sales increase, beating analyst expectations. The stock was up about 10.6% at 12:40 p.m. EST.

MicroStrategy reported fourth-quarter revenue of $133.5 million, up 1.2% year over year and about $2.5 million higher than the average analyst estimate. Adjusted for currency effects, revenue was up 2.7%.

Image source: Getty Images.

Source Fool.com

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