TELETRADER News
7/19, 2:21 PM (Source: TeleTrader)
more TeleTrader news

Microsoft reaches record $140 per share before bell

Cloud services, database management and development tools emerged as the largest source of revenue for Microsoft Corp. in its fiscal fourth quarter through June and it managed to positively surprise investors in both top and bottom lines and guidance, prompting a jump in stocks. The largest listed company extended gains reached in yesterday's after-hours trading and looked to hit an all-time high when the session starts on Wall Street.

Azure and its segment beat the turnover of the divisions led by Office and Windows. Still, the product's annual increase weakened to a four-year low of 64%.

The company run by chief executive Satya Nadella surged as much as 2.89% to $140.36 per share in the premarket, translating to a market capitalization of $1.0756 trillion. It gained 34.31% so far this year compared to growth of 24.87% in the benchmark Nasdaq 100 index and 16.7% in the Dow Jones Industrial Average.

Breaking the News / IT