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Update: Microsoft Shares Rise After Fiscal Q4 Beat

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(Updates with the latest stock price movement in the headline and the first paragraph.)

Microsoft (MSFT) shares rose 15% on Thursday, a day after the company reported higher-than-expected fiscal Q4 results.

The company reported fiscal Q4 adjusted earnings late Wednesday of $4.74 per diluted share, up from $3.86 a year ago.

Analysts surveyed by FactSet expected $4.24.

Revenue for the three months ended June 30 was $90.0 billion, up from $76.44 billion a year earlier.

Analysts expected $87.62 billion.

Price: $448.92, Change: $+58.38, Percent Change: +14.95%

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