FX.co ★ Microsoft Corporation Profit Rises In Q3, Beats estimates

Microsoft Corporation has reported an increase in earnings for its third quarter compared to the same period last year, surpassing Wall Street projections. The company declared earnings of $21.94 billion, equating to $2.94 per share. This is an improvement from the previous year's third quarter, where earnings were $18.3 billion or $2.45 per share.

Analysts had predicted average earnings of $2.63 per share, as compiled by Thomson Reuters; these estimates typically do not include exceptional items.

Revenue for the quarter also grew by 17%, rising to $61.86 billion from the previous year's $52.86 billion.

On viewing these results under generally accepted accounting principles (GAAP), Microsoft Corporation's third quarter earnings show a substantial increase - from $18.3 billion last year to $21.94 billion this year. Similarly, earnings per share (EPS) have risen from $2.45 to $2.94, and revenue has increased from $52.86 billion to $61.86 billion.