MSFT - Amazon Stock Is Rising Thursday: What's Going On? | Benzinga
Amazon.com Inc (NASDAQ:AMZN) shares are trading higher in Thursday’s after-hours session following a pair of blowout quarters from mega-cap peers Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG).
What Happened With Microsoft?
Microsoft beat analyst estimates on the top and bottom lines when it reported earnings after the bell on Thursday. The company said third-quarter revenue increased 17% year-over-year to $61.9 billion, versus estimates of $60.804 billion. Microsoft reported quarterly earnings of $2.94 per share, versus estimates of $2.82 per share. Shares were up more than 4% at last check.
“Microsoft Copilot and Copilot stack are orchestrating a new era of AI transformation, driving better business outcomes across every role and industry," said Satya Nadella, chairman and CEO of Microsoft.
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