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

July 21st, 2006 in Technology / Business
Microsoft logo

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.

Content from The Associated Press expires 15 days after original publication date. For more information about The Associated Press, please visit www.ap.org .