Microsoft Beats Estimates; Stock Falls Slightly (MSFT)

Technology giant Microsoft (NASDAQ: MST) released its fiscal Q2 earnings just before the closing bell on Thursday. The fact that the company jumped the gun and released its numbers prior to the close of trading led to some late day volatility in the name. The stock initially jumped before plummeting into the close. Microsoft (MSFT) reported net income of $6.6 billion or $0.77 per share compared to $6.7 billion or $0.74 per share in the year ago period. This came in ahead of Street EPS consensus of $0.68. Revenues also beat consensus, coming in at $20 billion versus $19 billion in last year's comparable quarter. This beat analysts' consensus of $19.14 billion. In the after hours session, MSFT shares have pulled back very slightly, down 0.87% to $28.62. During the regular session, MSFT closed 0.31% higher at $28.87 after the late day fireworks which coincided with the company's earnings release.