Microsoft earnings top $20 billion in a quarter for first time, stock heads toward record high
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Microsoft MSFT, +0.64% reported fiscal first-quarter earnings of $20.5 billion, or $2.71 a share, up from $1.82 a share a year ago and topping its quarterly profit record — set in the previous period — by more than $4 billion. Microsoft noted that about $3.3 billion of its profit was due to a one-time income-tax benefit related to the transfer of intangible products, but said earnings without that benefit would have been $2.27 a share, still easily higher than expectations.
Revenue increased to $45.3 billion from $37.15 billion, as cloud sales jumped by almost $4 billion from a year ago and personal-computer revenue handily beat expectations despite a reported slowdown in PC shipments. Analysts on average had predicted earnings of $2.08 a share on sales of $44 billion, according to FactSet.
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https://www.marketwatch.com/story/micros...eid=yhoof2
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Microsoft MSFT, +0.64% reported fiscal first-quarter earnings of $20.5 billion, or $2.71 a share, up from $1.82 a share a year ago and topping its quarterly profit record — set in the previous period — by more than $4 billion. Microsoft noted that about $3.3 billion of its profit was due to a one-time income-tax benefit related to the transfer of intangible products, but said earnings without that benefit would have been $2.27 a share, still easily higher than expectations.
Revenue increased to $45.3 billion from $37.15 billion, as cloud sales jumped by almost $4 billion from a year ago and personal-computer revenue handily beat expectations despite a reported slowdown in PC shipments. Analysts on average had predicted earnings of $2.08 a share on sales of $44 billion, according to FactSet.
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https://www.marketwatch.com/story/micros...eid=yhoof2
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