Microsoft: Fiscal 1Q Earnings Snapshot
REDMOND, Wash. (AP) _ Microsoft Corp. (MSFT) on Wednesday reported fiscal first-quarter profit of $10.68 billion.
The Redmond, Washington-based company said it had net income of $1.38 per share.
The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The software maker posted revenue of $33.06 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $32.23 billion.
Microsoft shares have risen 35% since the beginning of the year, while the Standard & Poor's 500 index has risen 20%. In the final minutes of trading on Wednesday, shares hit $137.11, an increase of 27% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSFT at https://www.zacks.com/ap/MSFT
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