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updated: 10/25/2013 7:08 AM

Microsoft 1Q profit, sales top views

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  • Microsoft posted fiscal first-quarter results that topped expectations with earnings up 17 percent at $5.24 billion, or 62 cents per share, topping the 54 cents expected by analysts.

      Microsoft posted fiscal first-quarter results that topped expectations with earnings up 17 percent at $5.24 billion, or 62 cents per share, topping the 54 cents expected by analysts.
    Associated Press

 
Associated Press

Microsoft posted fiscal first-quarter results that topped expectations with earnings up 17 percent at $5.24 billion, or 62 cents per share, topping the 54 cents expected by analysts. Revenue rose 16 percent to $18.53 billion, also beating the $17.79 billion expected.

SURFACE GAINS: Microsoft's Surface tablets took in $400 million in revenue, the first figures the company has reported on the device. However, profitability in the segment housing Surface fell as the units are currently still sold at a loss.

SHARE ACTION: Wall Street welcomed the earnings beat, sending shares up almost 6 percent in extended trading.

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