Earnings

Microsoft (MSFT) earnings Q3 2021

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Microsoft shares moved 3% lower in extended trading Tuesday after the software maker announced fiscal third-quarter earnings and quarterly revenue guidance that came in stronger than analysts had expected. The company’s operating margin narrowed somewhat as cloud became a larger part of its business.

Here’s how the company did:

  • Earnings: $1.95 per share, adjusted, vs. $1.78 per share as expected by analysts, according to Refinitiv.
  • Revenue: $41.71 billion, vs. $41.03 billion as expected by analysts, according to Refinitiv.

The software and hardware maker posted 19% annualized revenue growth for the quarter, which ended March 31, according to a statement. That’s the biggest quarterly increase…



Source cnbc.com

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