Microsoft Earnings, Revenue Beat in Q3
2022.04.26 23:22
Microsoft Earnings, Revenue Beat in Q3
Investing.com – Microsoft (NASDAQ:MSFT) reported on Tuesday third quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Microsoft announced earnings per share of $2.22 on revenue of $49.36B. Analysts polled by Investing.com anticipated EPS of $2.19 on revenue of $49.01B.
Microsoft shares are down 19% from the beginning of the year, still down 22.72% from its 52 week high of $349.67 set on November 22, 2021. They are outperforming the Nasdaq which is down 20.16% from the start of the year.
Microsoft shares lost 0.57% in after-hours trade following the report.
Microsoft follows other major Information Technology sector earnings this month
Microsoft’s report follows an earnings beat by Taiwan Semiconductor on April 14, who reported EPS of $1.35 on revenue of $16.94B, compared to forecasts EPS of $1.27 on revenue of $16.73B.
ASML ADR had missed expectations on April 20 with first quarter EPS of $1.88 on revenue of $3.84B, compared to forecast for EPS of $1.94 on revenue of $3.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
