Did Microsoft beat the earnings report?

Microsoft reported its earnings today and it was outstanding as usual, the company earned $2.48 per share compared to the $2.31 per share estimated by Refinitiv analysts. The company also earned $51.73 billion compared to Refinitiv's estimated $50.88 revenue.  

According to the report, the revenue increased by 20% this year and the company's net income of $18.77 billion. Amy Hood, Microsoft’s finance chief, said the company is expecting $48.5 billion to 49.3 billion in revenue in the fiscal third quarter, topping the $48.23 billion Refinitiv consensus. The middle of the range, at $48.9 billion, is above the $48.23 billion Refinitiv consensus. Hood said the company now expects full-year operating margins to widen slightly.

There many more technology stock companies that will be reporting earrings in the next few days. Investingport will bring you more reports as they become available.