Markets

Breakdown of the latest developments on the global exchanges
Apr 26, 2019, 12:00 PM GMT
#EarningsSeason

Microsoft’s Surpassing of the 1 Trillion Market-Cap Marks a Monumental Point

The company experienced an overwhelmingly positive earnings report on Wednesday when it reported $ 1.14 EPS vs $ 1 in the initial forecast. Microsoft also announced a better-than-expected revenue stream of $ 30.6 billion against the expected $ 29.84 billion.

As a result of that report, the share price of MSFT rose with 3.31% during Wednesday’s trading session (the report was released after the market close). The previous day’s close was at 125.01, and the market opened with a big gap at 130.06, later to correct itself and close at 129.15.