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Stock impact report

Microsoft Shares Rise on Strong Quarterly Earnings and Revenue Beat [TheStreet.com]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: TheStreet.com
Microsoft Corp. ( MSFT ) reported strong fiscal first-quarter top- and bottom line beats after the closing bell Wednesday, October 24. The software giant reported earnings of $1.14 per share, topping analysts' expectations of 96 cents per share. The company also reported revenue of $29.08 billion versus Wall Street's expectation of revenue of $27.90 billion; net income rose 34% year over year to $8.8 billion.  Microsoft's stock was up about 3% after hours on the news, although it fell more than 5% during the day's trading in a rough day for the markets, with the Dow falling more than 600 points.   Microsoft's growth has coincided with the company's decision in recent years to pivot away from its legacy software business to focus more on the cloud and artificial intelligence. Microsoft's Azure cloud business has been able to increase its market share steadily and is currently second behind Amazon Inc.'s ( AMZN )  AWS cloud platform in terms of market share.  Show less Read more
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