Investing.com - Microsoft (NASDAQ:MSFT) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.14 on revenue of $30.57B. Analysts polled by Investing.com anticipated EPS of $1 on revenue of $29.89B. That compared to EPS of $0.95 on revenue of $26.82B in the same period a year earlier. The company had reported EPS of $1.1 on revenue of $32.47B in the previous quarter.
Microsoft shares gained 2.39% to trade at $128.00 in after-hours trade following the report.
For the year, Microsoft shares are up 23.08%, outperforming the Dow 30 which is up 15.35% year to date.
Microsoft follows other major Technology sector earnings this month
On Wednesday, Facebook reported first quarter EPS of $1.89 on revenue of $15.08B, compared to forecasts of EPS of $1.61 on revenue of $14.97B.
Taiwan Semiconductor earnings missed analyst's expectations on Wednesday, April 17, 2019, with first quarter EPS of $0.38 on revenue of $7.09B. Investing.com analysts expected EPS of $0.4 on revenue of $7.14B
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