Microsoft’s solid Q4 bolstered by strong Xbox, Surface numbers
Microsoft’s stock is up after the company announced results from its June-ending quarter, which were driven by strong sales of its Surface devices and a surging Xbox business. Here are the bullets that tell the tale:
Microsoft’s GAAP results include a net benefit of $104 million related to the Trump administrations’s Tax Cuts and Jobs Act. After closing the day at $104.40, the company’s stock price jumped to $106 in after-hours trading after the earnings announcement.