NewsBreak: Microsoft Q1 Earnings Beat Street Estimates

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© Reuters. © Reuters. – Shares of software giant Microsoft (NASDAQ:) were down slightly after hours despite the company’s fiscal first-quarter results beating on both the top and bottom lines.

  • Microsoft (NASDAQ:) said it earned $1.38 a share in the quarter, up 21% from a year ago and ahead of the $1.24 a share estimate of analysts tracked by
    • Revenue was up 14% to $33.1 billion, ahead of the analyst estimate of $32.14 billion.
  • The company said results were driven by gains in its Intelligent Cloud, Office, LinkedIn (NYSE:) and Server products and services. Surface and Xbox revenues were flat.
  • Shares were off 0.9% after hours after rising 0.6% in regular trading.
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