Microsoft’s Q3 earnings and guidance surpassed analysts’ expectations, resulting in a 9% increase in share value during extended trading on Tuesday. The company earned $2.45 per share and generated $52.86 billion in revenue, exceeding Refinitiv’s expected $2.23 per share and $51.02 billion, respectively. For Q4, Microsoft’s finance chief, Amy Hood, predicted revenue between $54.85 billion to $55.85 billion, with $55.35 billion as the mid-range estimate, representing a 6.7% growth and exceeding Refinitiv’s $54.84 billion consensus. Hood is optimistic about AI.
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Microsoft's Earnings Beat, Expects AI to Boost Revenue Growth
Microsoft's Q3 earnings and guidance surpassed analysts' expectations, resulting in a 9% increase in share value during extended trading on Tuesday.