We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Microsoft (MSFT) Tops Estimates, Intelligent Cloud Revenue Up 17%
Read MoreHide Full Article
Microsoft (MSFT - Free Report) just released its third quarter 2018 financial results, posting adjusted earnings of $0.95 per share and revenues of $26.82 billion.
Microsoft is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Microsoft are up 36% over the last year. The company also saw its stock price pop 2.11% on Thursday to hit 94.26 per share prior to the release of its quarterly earnings results.
Microsoft stock is currently down 0.37% to $93.91 per share in after-hours trading shortly after its earnings report was released.
MSFT:
Beat earnings estimates. The company posted adjusted earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.85 per share.
Beat revenue estimates. The company saw revenue figures of $26.82 billion, topping our consensus estimate of $25.71 billion.
Microsoft's quarterly revenues jumped roughly 16% from $23.56 billion in the year-ago period. Meanwhile, the tech giant’s quarterly earnings climbed from $0.73 per share.
Microsoft reported Intelligent Cloud unit revenue of $7.89 billion, which topped our NFM estimate of $7.70 billion. The firm's other two major business units, Productivity & Business Processes and More Personal Computing, also topped estimates.
Microsoft also noted that it returned $6.3 billion to shareholders in the form of dividends and share repurchases, which marked a 37% surge.
Here’s a graph that looks at MSFT’s Price, Consensus and EPS Surprise history:
Microsoft Corporation Price, Consensus and EPS Surprise
Check back later for our full analysis on MSFT’s earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Microsoft (MSFT) Tops Estimates, Intelligent Cloud Revenue Up 17%
Microsoft (MSFT - Free Report) just released its third quarter 2018 financial results, posting adjusted earnings of $0.95 per share and revenues of $26.82 billion.
Microsoft is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Microsoft are up 36% over the last year. The company also saw its stock price pop 2.11% on Thursday to hit 94.26 per share prior to the release of its quarterly earnings results.
Microsoft stock is currently down 0.37% to $93.91 per share in after-hours trading shortly after its earnings report was released.
MSFT:
Beat earnings estimates. The company posted adjusted earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.85 per share.
Beat revenue estimates. The company saw revenue figures of $26.82 billion, topping our consensus estimate of $25.71 billion.
Microsoft's quarterly revenues jumped roughly 16% from $23.56 billion in the year-ago period. Meanwhile, the tech giant’s quarterly earnings climbed from $0.73 per share.
Microsoft reported Intelligent Cloud unit revenue of $7.89 billion, which topped our NFM estimate of $7.70 billion. The firm's other two major business units, Productivity & Business Processes and More Personal Computing, also topped estimates.
Microsoft also noted that it returned $6.3 billion to shareholders in the form of dividends and share repurchases, which marked a 37% surge.
Here’s a graph that looks at MSFT’s Price, Consensus and EPS Surprise history:
Microsoft Corporation Price, Consensus and EPS Surprise
Microsoft Corporation Price, Consensus and EPS Surprise | Microsoft Corporation Quote
Check back later for our full analysis on MSFT’s earnings report!
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>