After publication of the financial results, exceeding the market expectations, Microsoft’s shares rose to a record value, and the market capital increase of the company exceeded 800 mln dollars, finance.ua reports.
After the exchange opening on Friday, July 20, Microsoft’s securities increased in price by 4% and reached the historic record value – 108.2 dollars. Consequently, the capital of the software giant increased by more than 30 bln dollars, exceeding 822 bln dollars.
At least six analysts increased their forecasts regarding the target cost of Microsoft’s shares after the corporation released its financial statements.
For a three-month period, closed in late June 2018, Microsoft sales were 30.1 bln dollars versus 25.6 bln dollars a year ago. The net profit increased from 8.1 to 8.9 bln dollars.
Not taking into account the deductions and expenses for restructuring, the Microsoft’s profit was 1.13 dollars per share. On the average, the analysts, surveyed by Thomson Reuters I/B/E/S, forecast this indicator at 1.08 dollar per share with the profit, amounting to USD 29.21 bln.
The annual profit of the corporation is 110.4 bln dollars, which is by 14% higher than in 2017. For the first time in the history, Microsoft earned over 100 bln dollars for the financial year. The net profit is USD 16.6 bln.
