REDMOND, Wash. (AP) — REDMOND, Wash. (AP) — Microsoft Corp. (MSFT) on Wednesday reported fiscal first-quarter profit of $27.75 billion.
The Redmond, Washington-based company said it had net income of $3.72 per share. Earnings, adjusted for non-recurring costs, were $4.13 per share.
The results surpassed Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $3.65 per share.
The software maker posted revenue of $77.67 billion in the period, which also beat Street forecasts. Thirteen analysts surveyed by Zacks expected $74.96 billion.
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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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