Investing.com - Microsoft (NASDAQ:MSFT) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Microsoft announced earnings per share of $1.4 on revenue of $35.02B. Analysts polled by Investing.com anticipated EPS of $1.29 on revenue of $33.99B. That with comparison to EPS of $1.14 on revenue of $30.57B in the same period a year before.Microsoft had reported EPS of $1.51 on revenue of $36.91B in the previous quarter.Analysts are expecting EPS of $1.4 and revenue of $36.76B in the upcoming quarter.
Microsoft shares are up 12% from the beginning of the year and are trading at $181.00 , down-from-52-week-high.They are outperforming the S&P Global (NYSE:SPGI) 100 which is down 10.36% year to date.
Microsoft shares gained 2.10% in after-hours trade the report.
Microsoft follows other major Technology sector earnings this month
Microsoft's report follows an earnings missed by Alphabet C on Tuesday, who reported EPS of $9.87 on revenue of $41.16B, compared to forecasts EPS of $10.26 on revenue of $40.99B.
Taiwan Semiconductor had matched expectations on Saturday with first quarter EPS of $0.75 on revenue of $10.35B, compared to forecast for EPS of $0.75 on revenue of $10.32B.
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