Microsoft Smashes Earnings, Stock Takes Off

Microsoft earnings are out!

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: