Investing.com - Microsoft (NASDAQ:MSFT) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Microsoft announced earnings per share of $1.51 on revenue of $36.91B. Analysts polled by Investing.com anticipated EPS of $1.32 on revenue of $35.67B. That with comparison to EPS of $1.1 on revenue of $32.47B in the same period a year before.Microsoft had reported EPS of $1.38 on revenue of $33.06B in the previous quarter.Analysts are expecting EPS of $1.24 and revenue of $34.12B in the upcoming quarter.
Microsoft shares are up 6% from the beginning of the year and are trading at $171.68 , down-from-52-week-high.They are outperforming the Dow 30 which is up 0.33% year to date.
Microsoft shares gained 2.11% in after-hours trade after the report.
Microsoft follows other major Technology sector earnings this month
Microsoft's report follows an earnings beat by Apple on Tuesday, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.38B.
Facebook had beat expectations on Wednesday with fourth quarter EPS of $2.56 on revenue of $21.08B, compared to forecast for EPS of $2.52 on revenue of $20.88B.
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