Microsoft smashes earnings expectations with strong cloud performance
$MSFT.US$ shares edged 2% higher in extended trading Tuesday after the software and hardware maker reported fiscal first-quarter earnings that exceeded analysts' estimates.
Here's how the company did:
Earnings: $2.27 per share, adjusted, vs. $2.07 as expected by analysts, according to Refinitiv.
Revenue: $45.32 billion, vs. $43.97 billion as expected by analysts, according to Refinitiv.
Revenue: $45.32 billion, vs. $43.97 billion as expected by analysts, according to Refinitiv.
Microsoft said Azure and other cloud services grew 50% year over year in the quarter.
Microsoft shares have risen 39% in 2021, while the $.SPX.US$ is up about 22% over the same period.
Microsoft shares have risen 39% in 2021, while the $.SPX.US$ is up about 22% over the same period.
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Another earnings season is here. What to expect this time？
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