Investing.com - Microsoft (NASDAQ:MSFT) reported first quarter earnings that beat analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.14 on revenue of $29.1B. Analysts polled by Investing.com anticipated EPS of $0.96 on revenue of $27.9B. That compared to EPS of $0.84 on revenue of $24.54B in the same period a year earlier. The company had reported EPS of $1.13 on revenue of $30.09B in the previous quarter.
Microsoft shares gained 3.42% to trade at $105.82 in after-hours trade following the report.
For the year, Microsoft shares are up 18.81%, outperforming the Nasdaq which is up 2.46% year to date.
Microsoft follows other major Technology sector earnings this month
On Thursday, October 18, 2018, Taiwan Semiconductor reported third quarter EPS of $0.56 on revenue of $8.4B, compared to forecasts of EPS of $0.56 on revenue of $8.38B.
SAP ADR earnings beat analyst's expectations on Thursday, October 18, 2018, with third quarter EPS of $1.31 on revenue of $6.93B. Investing.com analysts expected EPS of $1.26 on revenue of $6.95B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar