Microsoft Shares Rally On Earnings Beat

By Wallace Witkowski Markets MarketWatch Pulse

Microsoft Corp. shares rallied in the extended session Thursday after the company topped Wall Street estimates for the quarter. Microsoft shares surged 7.9% to $56.15 after hours. The company reported fiscal second-quarter earnings of 62 cents a share on revenue of $23.8 billion, or 78 cents a share on revenue of $25.69 billion adjusted. Analysts surveyed by FactSet had forecast earnings of 71 cents a share on revenue of $25.27 billion. Microsoft said cloud-services revenue rose 5% to $6.3 billion for the quarter.

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