Microsoft Stock Soars On Strong Earnings

Microsoft Stock Price

After posting better-than-expected first quarter results, Microsoft stock value surged to an all-time high Friday. Microsoft stock soared as much as 12.6% intraday to 54.07 beating its dot-com era peak of 53.98 in December 1999. At the end of the day, shares closed up 10.1% at 52.87.

The stock value is on track for the 2nd biggest one-day price gain in its history, and biggest since Oct. 19, 2000. If the month-to-date price gains hold, it would be the 4th biggest ever monthly gain, and biggest since January 2001.

During the quarter, Microsoft announced a 16% increase in its quarterly dividend to $0.36 and returned $6.9 billion to shareholders in the form of share repurchases and dividends.

Some links in the article may not be viewable as you are using an AdBlocker. Please add us to your whitelist to enable the website to function properly.

Related
Comments