5 Stocks Making Noise After Releasing Their Earnings Reports

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 238

Shares of Microsoft Corporation (NASDAQ:MSFT) hit an all-time high of $318.75 in the morning trading session on Wednesday, 27 October 2021, after the company beat expectations for its fiscal first quarter.

The software maker reported adjusted earnings of $2.71 per share, significantly higher than $1.82 per share in the year-ago quarter. Analysts were expecting Microsoft Corporation (NASDAQ:MSFT) to report earnings of $2.08 per share.

Revenue for the quarter jumped 22 percent to $45.3 billion, easily surpassing analysts’ average estimate of $44 billion. If we break down the total revenue by segments, revenue from the productivity and business processes segment jumped 22 percent to $15 billion, while revenue from the intelligent cloud unit climbed 31 percent to $17 billion in the quarter. In comparison, revenue from the personal computing segments rose 12 percent to $13.3 billion.

Speaking on the results, CEO Satya Nadella said:

“Digital technology is a deflationary force in an inflationary economy. Businesses – small and large – can improve productivity and the affordability of their products and services by building tech intensity. The Microsoft Cloud delivers the end-to-end platforms and tools organizations need to navigate this time of transition and change.”

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