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.
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:
Check back later for our full analysis on MSFT’s earnings report!
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