Microsoft posts 47% profit increase year over year… stock falls 2% after hours
The Redmond, Wash.-based company reported financial fourth-quarter sales of $46.2 billion after the bell Tuesday, up around 21% from the year-prior period. It generated a $16.5 billion profit for the period ended June 30, an increase of 47% year-over-year, exceeding Wall Street expectations. Analysts expected $44.1 billion in sales at a profit of $14.6 billion. … Continue reading Microsoft posts 47% profit increase year over year… stock falls 2% after hours
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