Microsoft Corporation Common Stock (MSFT) After-Hours Trading Update
Latest Market Activity
Shares of Microsoft (MSFT) gained in after-hours trading following the release of the company's Q3 financial results. The tech giant reported earnings per share of $2.94, exceeding analyst expectations.
Financial Highlights
Microsoft's revenue for the quarter reached $51.7 billion, a 12% increase year-over-year. The company's Intelligent Cloud segment, which includes Azure and other cloud services, grew by 20% to $20.3 billion.
The Productivity and Business Processes segment saw a more modest growth of 10%, driven by strong demand for Office 365 and other productivity tools.
Investor Sentiment
Investors have responded positively to Microsoft's results, which beat estimates and signaled continued growth in key business segments. The company's strong cloud presence and expanding product portfolio are seen as drivers for future growth.
Additional Resources
- Nasdaq: MSFT After-Hours Stock Quotes
- Barron's: Microsoft Earnings Q3 2023
- CNBC: Microsoft Corporation Stock Quote
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