REDMOND, Wash. (AP) _ Microsoft Corp. (MSFT) on Thursday reported fiscal first-quarter profit of $4.54 billion.
The Redmond, Washington-based company said it had profit of 54 cents per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The software maker posted revenue of $23.2 billion in the period, which also beat Street forecasts. Analysts expected $21.86 billion, according to Zacks.
Microsoft shares have risen 20 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased 5.5 per cent. In the final minutes of trading on Thursday, shares hit $45.02, a climb of 33 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. MSFT stock research report from Zacks: http://www.zacks.com/ap/MSFT
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Keywords:Microsoft,Earnings Report,Priority Earnings
