MSFT Earnings: Microsoft Jumps after Stellar Q3 Results - TipRanks.com

Shares of Microsoft (NASDAQ:MSFT) gained in after-hours trading after the tech company reported its Q3 results. Earnings per share came in at $2.94, which beat analysts’ consensus estimate of $2.82 per share. Sales increased by 17% year-over-year, with revenue hitting $61.9 billion. This beat analysts’ expectations of $60.8 billion. Microsoft’s Intelligent Cloud division, which includes Azure, made up $26.7 billion of the revenue. In addition, Azure sales grew by 31% year-over-year compared to estimates of 29%. What Is the Price …