Coming off better-than-expected second quarter earnings Thursday, Microsoft shares hit a 52-week high, closing at $29.71 Friday.
That was up $1.59, or 5.65 percent. In after-hours trading, shares were up five cents to $29.76.
That’s the highest it’s been since closing at $29.85 on May 5, 2010.
Microsoft’s second-quarter earnings, announced Thursday, showed the company posted sales of $20.89 billion (a 5 percent increase from a year ago) and profit of $6.62 billion.
Earnings per share reached 78 cents.
Though Windows revenue was down 6 percent from a year ago — due largely to a decline in PC sales that’s expected to continue — other Microsoft divisions made up for some of it. Revenue in both the Entertainment & Devices and Server & Tools divisions grew in the double digits.
Analysts’ notes sent out today generally included positive marks for Microsoft’s cost-control measures, and analysts saw promise in the company’s 2012 product offerings including Windows 8.
But they also warned of a continuing softness in the PC market, noting Microsoft reported that PC units were probably down 2 to 4 percent over last year.