Microsoft Smashes Earnings, Stock Takes Off
It's a beat on the top and bottom line:
- Revenue is $24.52 billion versus analyst estimates of $23.68 billion.
- EPS is $0.78 versus analyst estimates of $0.68.
The stock is up ~3% in after-hours trading...
Some highlights from the release:
- Surface revenue is $893 million, up from $400 million the quarter before.
- Windows OEM revenue was down 3%.
- It says Bing search share is 18.2%.
- Office 365 seats "grew triple digits".
Here's a breakdown of the company's earnings:
And for clarity's sake... here's how Microsoft breaks down its sales: