4/27, 11:29 AM (Source: TeleTrader)
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Microsoft up 5% premarket on upbeat results

Shares of Microsoft Corporation surged more than 5% in premarket trading on Wednesday after the company reported better-than-expected results for the third quarter of its fiscal year 2022.

The tech giant's revenue jumped 18% to $49.4 billion in the trimester and earnings per share rose 9% to $2.22. Microsoft also noted that it expects double-digit growth in annual revenue in 2022.

Microsoft shares rallied 5.28% to $284.50 in premarket trading at 5:23 am ET.

Baha Breaking News (BBN) / NP