Microsoft rose nearly 3% in premarket trading after posting its strong sales forecast.
Microsoft reported fiscal second-quarter earnings of $18.8 billion, or $2.48 a share, up from $2.03 a share a year ago, and revenue jumped to $51.73 billion from $43.08 billion a year ago. Analysts on average expected earnings of $2.32 a share on sales of $50.71 billion, according to FactSet.
Chief Financial Officer Amy Hood said that Microsoft expects fiscal third-quarter revenue of $48.5 billion to $49.3 billion, topping the average analyst expectation of $48.11 billion, according to FactSet, and revenue guidance for each of the three revenue segments met or beat analysts' average expectations.
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