Microsoft Shares Rise After Revenue and Earnings Beat Expectations

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Microsoft Shares Rise After Revenue and Earnings Beat Expectations
Photo: Jason Redmond/AP/TT

IT giant Microsoft rose 3 percent in after-hours trading on the New York Stock Exchange after its interim report was released overnight. The company reported, among other things, higher-than-expected revenue in the first quarter of the fiscal year.

Revenue came in at $92.28 billion, compared with market expectations of $90.6 billion.

Earnings per share of $4.89 were also higher than expected.

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TT News AgencyT
By TT News Agency. English edition by Sweden Herald, adapted for our readers

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