Microsoft (MSFT) Stock Jumps 3% After Earnings Beat as Azure Growth Tops Estimates

TLDR Microsoft (MSFT) stock was up about 3% to 4% after hours and premarket after the company beat earnings and revenue expectations. Fiscal Q1 adjusted EPS was $4.89 on revenue of $92.3 billion, versus estimates of about $4.71 and $90.6 billion. Azure revenue grew 48%, ahead of the 44.3% analysts expected, and the company guided to 49% growth next quarter. Capital expenditures were $45.2 billion, below the $51 billion expected, and chip stocks fell in late trading. Free cash flow came in at $18.6 billion, above the $7.99 billion Wall Street expected. Microsoft (MSFT) stock rose about 4.3% in after-hours trading Wednesday and was up 3.2% premarket Thursday, at $548.19. That compares with a close of $531.01 on October 28.

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