
Microsoft (MSFT) Stock Gains in After-Hours Trading on Q4 Earnings Beat
NEW YORK (TheStreet) -- Shares of Microsoft (MSFT) - Get Report are advancing 3.03% to $54.70 in after-hours trading Tuesday after the tech giant reported better-than-expected results for the 2016 fiscal fourth quarter.
After today's closing bell, the Redmond, WA-based company posted adjusted earnings of 69 cents per share, above analysts' estimates of 58 cents per share.
Revenue for the period was $22.6 billion, higher than Wall Street's projections of $22.2 billion.
Office commercial products and cloud services revenue rose 5%, or 9% in constant currency, driven by Office 365 commercial revenue growth.
Office 365 consumer subscribers also increased to 23.1 million during the quarter.
"The Microsoft Cloud is seeing significant customer momentum and we're well positioned to reach new opportunities in the year ahead," CEO Satya Nadella said in a statement.
About 46.6 million of Microsoft's shares were traded today compared to its average 30-day volume of 34.59 million shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B+ on the stock.
The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: MSFT










