NewsBreak: Microsoft Q1 Earnings Beat Street Estimates

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXNPEB6K0Z0_M.jpg
© Reuters. © Reuters.

Investing.com – 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 Investing.com.
    • 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.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment