Microsoft Corporation MSFT shares are trading higher after the company reported better-than-expected second-quarter earnings per share and sales results. The company also issued third-quarter guidance.
The company reported quarterly earnings per share of $2.48, which beat the estimate of $2.31 and sales results of $51.7 billion, which beat the estimate of $50.88 billion.
Microsoft expects third-quarter personal computing revenue between $14.15 billion and $14.45 billion. The company also expects third-quarter intelligent cloud revenue between $18.75 billion and $19 billion.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide.
Microsoft's stock was trading about 5.5% higher at $304.42 per share on Wednesday at the time of publication. The stock has a 52-week high of $349.67 and a 52-week low of $224.26.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
