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01/25: Microsoft Q2 Beats Estimates; Company Raises Outlook

Posted by Patrick
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From Reuters:

Net profit in Microsoft's fiscal second quarter rose to $4.7 billion, or 50 cents per diluted share, from $2.6 billion, or 26 cents per diluted share, in the year-ago period. Revenue rose 30 percent to $16.37 billion.

Analysts, on average, had forecast 46 cents per share on revenue of $15.94 billion, according to Reuters Estimates. ...

Microsoft lifted its outlook for the fiscal year ending in June. It now expects earnings per share to range between $1.85 and $1.88 per share, up from its previous estimate of $1.78 to $1.81. Wall Street, on average, had projected $1.81.

Check out the press release for more.

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