XBOX-HQ.COM - Microsoft Stock Jumps; Xbox Performs

Microsoft's stock jumped a lot today after extended trading. We won't go into all the details about what makes the stock market tick because no one actually understands it, but the important information is:

The Xbox division posted profit gains of 91% instead of their predicted 40%. This means that the Xbox unit pulled in twice as much money as they were expecting and they have also increased the forecasts for the rest of 2007.

Many analysts suggest investing in Microsoft or holding onto their stock right now.

The main reason for this jump in business, of course, is Halo 3. The stock gains were also helped by strong sales of Windows PCs, Vista, and Microsoft's investment in Facebook.

News-Source: G4TV-TheFeed