LIVE: MICROSOFT BEATS EXPECTATIONS
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Microsoft earnings are out!
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It looks pretty good. The company beat on the top and bottom line:
- EPS: $0.54, which is down 13% on a year-over-year basis, versus expectations of $0.49
- Revenue: $23.2 billion, which is up 25% on a year-over-year basis, versus expectations of $22.02 billion.
In immediate reaction to the news, the stock is up 3% after hours. We expect that will change as investors digest the news.
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Here are Microsoft's bullet points from the report. We'll be talking with Microsoft shortly to get more information on these points.
Microsoft
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The thing that jumps out is Surface revenue which is now at $908 million. That's still a relatively small number, but it's growing nicely for Microsoft.
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