CNBC April 25, 2024
Key Points
– Microsoft’s fiscal third-quarter results exceeded estimates on the top and bottom lines.
– Management will provide guidance on a conference call with analysts at 5:30 p.m. ET.
– The company started selling its Copilot artificial intelligence add-on for small businesses with subscriptions to Microsoft 365 productivity software during the quarter.
Microsoft shares rose as much as 5% in extended trading on Thursday after the software maker issued fiscal third-quarter results that outdid Wall Street’s expectations.
Here’s how the company did in comparison with the consensus from LSEG:
- Earnings per share: $2.94 vs. $2.82 expected
- Revenue: $61.86 vs. $60.80 billion expected
Microsoft’s total revenue grew 17% year over year in the quarter, which ended...
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