- The stock is trading lower by more than 1% in after-hours trading.
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Microsoft slips after blowing past expectations (MSFT)
Shares of Microsoft are down about 1.5% following its third-quarter results.
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Microsoft reported third-quarter earnings on Thursday that blew past Wall Street estimates, but shares are down about 1.5% following the results.
The tech giant announced adjusted earnings of $0.95, a 36% year-over-year increase, easily surpassing the $0.85 analysts surveyed by Bloomberg were looking for. Revenue was $26.8 billion, a 16% year-over-year increase, beating estimates of $25.77 billion.
Perhaps most notable, the company reported commercial cloud sales soared 58% to $6 billion.
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Microsoft is up 8.59% on the year.
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