After the bell Thursday, several companies have reported quarterly earnings results, including Microsoft MSFT, Advanced Micro Devices AMC, PayPal PYPL and Schlumberger SLB. Microsoft performed so well, its stock is now trading at record highs in the after-market.
With Productivity Business Processes (Office 365, etc.), Intelligent Cloud and PC all outperforming expectations in the quarter, Microsoft posted an impressive 76 cents per share, higher than the 68 cents in the Zacks consensus estimate. Revenues in the company's fiscal Q1 of 2017 reached $22.3 billion, higher than the $21.54 billion expected. For more on Microsoft's Q1 earnings, click here.
PayPal also beat estimates on both top and bottom lines — 29 cents per share (accounting for stock-based compensation and other BNRI) topped the 27 cents per share expected. Revenues of $2.67 billion narrowly edged the $2.65 billion we had anticipated. Shares are trading down in the after-market; after several quarters of big beats on the bottom line, this small positive surprise doesn't seem to have done what late traders were looking for. For more on PayPal's earnings, click here.
Advanced Micro Devices swung to a profit in its Q3 earnings after the bell to 3 cents per share. We had expected -$0.01. Revenues of $1.31 billion also outperformed the $1.21 billion our analysts had been looking for, and revenue guidance is up 12%. However, the stock trades down 2% in the late market.
Finally, oil field services major Schlumberger posted a mixed Q3 result — 25 cents per share beat the Zacks consensus by 3 cents, whereas sales for the quarter came in a bit light at $7.02 billion (we were looking for $7.13 billion). The company's CEO noted the company had stabilized in Q3 following a rough Q2.
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