Microsoft Shares Rise after Earnings Report

October 23, 2014

Microsoft ( (MSFT) ) shares rose sharply in after-hours trading today after the company posted earnings that were better than expected for its fiscal year first-quarter, its first three-month period of results impacted by CEO Satya Nadella’s overhaul strategy.

Redmond, WA.-based Microsoft earned an adjusted 54 cents a share on $23.20 billion in revenue, compared to Thomson Reuters estimates of 50 cents a share on $22 billion in revenue. The results beat estimates despite $1.14 billion in integration and restructuring expenses, which amounted to a negative impact on earnings of 11 cents per share, Microsoft said.

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