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Microsoft: Fiscal 1Q Earnings Snapshot

·1 min read

REDMOND, Wash. (AP) _ Microsoft Corp. (MSFT) on Tuesday reported fiscal first-quarter profit of $13.89 billion.

The Redmond, Washington-based company said it had net income of $1.82 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.

The software maker posted revenue of $37.15 billion in the period, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $35.67 billion.

Microsoft shares have climbed 35% since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 5%. In the final minutes of trading on Tuesday, shares hit $213.25, a climb of 48% 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. Access a Zacks stock report on MSFT at https://www.zacks.com/ap/MSFT