Microsoft Corp. (MSFT) reported first quarter adjusted EPS of $0.67 after the bell Thursday, compared to $0.65 a year ago. Analysts expected EPS of $0.59.
Microsoft's revenue dipped to $20.4 billion from $23.2 billion last year. Adjusted for the impact of revenue deferrals related to Windows 10, the company's revenue figure for this year was $21.66 billion. Expectations had been for revenues of $21.03 billion.
Microsoft gapped open sharply higher Friday and rose in early trade, but settled into a range for the majority of the session. The stock closed up by 4.84 at $52.87 on the highest volume in 9 months. Microsoft broke out past resistance and set a new high for the year.
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