Microsoft shares rise in extended hours after publishing its quarterly report

• Microsoft Corporation (MSFT) rises 0.26% after releasing its earnings report.
• The company posted revenue of $65.6 billion, surpassing analyst projections.

Microsoft shares began the day marking a low of the day at $432.10, finding buyers who took the price of the shares to a maximum not seen since September 20 at $438.50. At the time of writing, Microsoft stock is trading above 435.06, gaining 0.58% in extended trading.

Microsoft beats analyst estimates by releasing its earnings report

The leading software development company, Microsoft (MSFT), obtained revenues of 65.6 billion dollars, above the 64.55 billion dollars expected by the market. Likewise, the company reported earnings per share of $3.3, exceeding the $3.1 projected by analysts.

Following these results, Microsoft (MSFT) shares rose 0.26% in extended hours, reflecting investor confidence in the company.

Microsoft technical levels

Microsoft stock formed short-term support at $408.17, given by the October 8 low. We see the next support area at $385.58, the pivot point of August 5. To the upside, the nearest resistance lies at $441.50, close to the 61.8% Fibonacci retracement. The next key resistance zone is at $468.35, the July 5 pivot point.

Microsoft daily chart