Post-earnings Microsoft currently the world's second most valuable company
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Earning season is over for the world’s most valuable companies, with Apple, Amazon, Google and Microsoft all having already reported on their performance over the last 3 months.
It appears in the final shake-up Microsoft has come out ahead the most, having moved from 4th to second most valuable company in the world.
In pre-market trading, the company currently has a market cap of $812 billion, significantly ahead of Google ($737 billion) and now also Amazon ($799 billion).
The results are due to Microsoft’s solid performance in the last quarter, with their shares up 4%, and Amazon missing investor expectations, resulting in their share price seeing a more than 8% hit.
Amazon recently joined Apple (current market cap $1043 billion) as the only trillion dollar publicly traded companies, but has since July seen a 20% hit in their share price. Analysts are now touting Microsoft as the next potential entrant to the trillion dollar club.
Read more about the market movements at the Telegraph here.
