Microsoft Earnings, Sales Beat September-Quarter Views | Investor's Business Daily
Software giant Microsoft ( MSFT) late Wednesday beat Wall Street's sales and earnings targets for its fiscal first quarter. But the Microsoft earnings news sent MSFT stock lower in extended trading.
The Redmond, Wash.-based company earned an adjusted $1.38 a share on sales of $33.06 billion in the quarter ended Sept. 30. Analysts expected Microsoft earnings of $1.25 a share on sales of $32.23 billion, according to Zacks Investment Research. In the year-earlier period, Microsoft earned $1.14 a share on sales of $29.08 billion.
Microsoft stock fell 1% in after-hours trading on the stock market today. During the regular session, MSFT stock climbed 0.6% to 137.24.
Microsoft stock hit an all-time high of 142.37 on Sept. 19 as it attempted to break out of a second-stage flat base. It cleared a buy point of 141.78 before reversing. MSFT stock has trended lower in recent weeks, falling below its 50-day moving average line, a negative sign.
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Shares of Conagra Brands ( CAG - Get Report) rose 5% to $31.40 in premarket trading Thursday after the packaged food maker beat Wall Street's first-quarter earnings expectations but missed on sales. The Chicago-based company,
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