Microsoft stock spikes 7% to new all-time high after serving up big beat
- MSFT stock spikes above $545 on fiscal Q4 earnings beat.
- Adjusted EPS reported at $3.65, while revenue arrives $2.6 billion ahead of target.
- Microsoft cloud segment revenue rises 26% YoY in Q4.
- QCOM stock falls on earnings, while META stock surges.
Microsoft (MSFT) stock surged 6.3% afterhours on Wednesday after the software and cloud giant racked up another major quarterly beat. Microsoft stock jumped from its close above $513 to above $545 on the news.
In line with the name of its famous Office software suite, Microsoft earned $3.65 in adjusted earnings per share (EPS) in the fiscal fourth quarter, 27 cents better than the Wall Street consensus.
Revenue of $76.4 billion, up 18% from a year ago, in the quarter ending June 30 was $2.6 billion ahead of consensus.
The Intelligent Cloud segment saw revenues climb 26% YoY to $29.9 billion. The Productivity & Business Processes segment reported revenue of $33.1 billion, up 16% YoY. The More Personal Computing segment had revenues rise 9% YoY to $13.5 billion.
Meta Platforms (META) stock spiked 10% after its earnings beat, while Qualcomm (QCOM) fell over 4% following its trimming of next quarter guidance.
MSFT daily stock chart
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Author
Clay Webster
FXStreet
Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.
