Microsoft Corp. (NASDAQ: MSFT) reported fiscal third quarter financial results after markets closed Wednesday. The software giant posted $1.14 in earnings per share (EPS) and $30.06 billion in revenue, which compares with consensus estimates of $1.00 in EPS and $29.84 billion in revenue. The same period from last year had $0.95 in EPS and $26.82 billion in revenue.
The firm returned $7.4 billion to shareholders in the form of share repurchases and dividends in the third quarter of fiscal year 2019.
In terms of its segments, the company reported:
- Productivity and Business Processes revenue was $10.2 billion and increased 14% year over year (up 15% in constant currency).
- Intelligent Cloud revenue was $9.7 billion and increased 22% (up 24% in constant currency).
- More Personal Computing revenue was $10.7 billion and increased 8% (up 9% in constant currency).
The company did not offer any guidance in the report. However, there are consensus estimates calling for $1.18 in EPS and $32.63 billion in revenue for the fiscal fourth quarter.
Satya Nadella, CEO of Microsoft, commented:
Leading organizations of every size in every industry trust the Microsoft cloud. We are accelerating our innovation across the cloud and edge so our customers can build the digital capability increasingly required to compete and grow.
Shares of Microsoft closed Wednesday at $125.01, with a 52-week range of $90.28 to $125.85. The stock has a consensus analyst price target of $129.25. Following the announcement, the stock was up 2% at $127.57 in the after-hours trading session.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
