Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2021. The results also topped expectations and the software giant’s shares rose during the extended trading session.
At $43.1 billion, second-quarter revenues were up 17% from the comparable period of fiscal 2020 and above analysts’ forecast. Server products and cloud services revenue advanced 26%, with Azure growing 50%.
Net income came in at $15.5 billion or $2.03 per share in December-quarter, compared to $11.56 billion or $1.51 per share in the second quarter of 2020. The bottom-line also came in above estimates.
Microsoft’s shares gained on Tuesday evening as the strong results spurred a rally, after closing the regular session higher.
CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,
The fast-food industry is among the worst affected by the inflation-induced dip in consumer confidence, which is weighing on the demand for discretionary items. Domino’s Pizza, Inc. (NYSE: DPZ) is
Paychex Inc. (NASDAQ: PAYX) reported first quarter 2023 earnings results today. Total revenue rose 11% year-over-year to $1.20 billion. Net income grew 14% to $379.2 million, or $1.05 per share,