Microsoft profit off 24 percent, but shares rise on stock buyback news

Shares of Microsoft Corp. soared more than 5 percent Friday, after the company on Thursday topped Wall Street estimates for its fiscal fourth quarter and announced plans to repurchase at least $20 billion worth of shares. Analysts welcomed share buyback plans.

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<p><a href="http://www.physorg.com/news72716764.html">Microsoft profit off 24 percent, but shares rise on stock buyback news</a></p> <p>Shares of Microsoft Corp. soared more than 5 percent Friday, after the company on Thursday topped Wall Street estimates for its fiscal fourth quarter and announced plans to repurchase at least $20 billion worth of shares. Analysts welcomed share buyback plans.</p>