💼 5 PM · While you worked
Microsoft beats revenue forecasts; shares rise after hours
Microsoft reported quarterly revenue of $92.28 billion and earnings of $4.89 a share, above analysts' estimates of about $90.6 billion and about $4.72. Its shares rose in after-hours trading Wednesday.
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Why it matters
Microsoft's quarterly revenue and earnings per share both came in above analysts' estimates, and its shares rose in after-hours trading. People who own Microsoft stock, directly or through funds, are affected by that move.
Sources
- Yahoo Finance: Stock market today, Microsoft and Alphabet earnings
- Investing.com: Microsoft stock rises after hours on quarterly results beat
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