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Benzinga
Benzinga
Business
Wayne Duggan

6 Microsoft Analysts Praise Q3 Earnings Beat, Azure Acceleration, Office 365 Momentum

Microsoft Corporation (NASDAQ:MSFT) shares traded higher by 7.2% on Wednesday after the company reported an across-the-board earnings beat and demonstrated impressive sales momentum.

On Tuesday, Microsoft reported fiscal third-quarter adjusted EPS of $2.22 on revenue of $49.36 billion. Both numbers exceeded consensus analyst estimates of $2.19 and $49.05 billion, respectively. Revenue was up 18% from a year ago.

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