Microsoft (MSFT) stock rose as much as 8% after the company reported its first quarterly earnings since 2006.
The stock rose about 11% to $21.26 a share.
The company said it sold its most valuable asset, the company’s Windows division, for $12.8 billion.
Analysts on average were expecting earnings of $1.21 a share, but they saw EPS of $0.72.
Analytically, the stock was outperforming the S&P 500, which has risen more than 13% in the past year.
Microsoft’s shares are down almost 40% since hitting $100 in May.
The Seattle-based company’s shares have been down more than 20% since they rose more than 30% in early October.
Microsoft shares have gained over $30 in the last two months.
The Dow Jones Industrial Average (DJIA) is up more than 1,000 points, or 2.3%, at 24,922.21.