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software company last month posted better-than-expected second-quarter earnings, but missed on Windows 7 sales.
Microsoft posted an adjusted profit of 77 cents a share on sales of $19.95 billion, up from profit of 74 cents a share on sales of $19 billion in the year-ago quarter. Analysts were expecting EPS of 68 cents and revenue of $19.14 billion.
Microsoft's entertainment division saw 55% growth in the quarter thanks to holiday sales of the Kinect for Xbox 360, Xbox Live subscriptions and Xbox games.
Shares of Microsoft reached a
52-week high Thursday of $30.80.
"MSFT stock is more about upcoming Win 8 release and how the perception of the defensibility of the Win/Office franchise could change," Bank of America Merrill Lynch analysts wrote in a report Friday. "At ~8x PE ex-cash and ~3% div yield, MSFT screens as top 3 defensive in uncertain macro. We reiterate Buy and $33 PO."
Forward Annual Dividend Yield: 2.6%
Rated "A- (Buy)" by TheStreet Ratings: The company's second-quarter gross profit margin was basically the same as the prior year.
Microsoft is extremely liquid. Its Quick Ratio is 2.58, which demonstrates that it can meet its short-term cash needs.
In the second quarter, stockholders' net worth increased 32.26% from the previous year.
TheStreet Ratings' price target is
$34.59. The stock closed Friday at $30.50 and has risen 17.49% year to date.