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Microsoft Tops Profit Estimates

Stock quotes in this article: MSFT , ORCL , IBM  

SAN FRANCISCO -- Microsoft(MSFT Quote) topped first-quarter expectations Thursday but lowered its full-year earnings outlook.

Profit at the Redmond, Wash., software company rose 2% to $4.4 billion, or 48 cents a share, from $4.3 billion, or 45 cents a share, in the year-ago period. Analysts were looking for earnings of 47 cents a share on net income of $4.4 billion.

Revenue grew 9.4% to $15.1 billion, from $13.7 billion in the same quarter of last year. Analysts polled by Thomson Reuters had expected $14.8 billion.

Shares of Microsoft, which fell through much of the week, were up 48 cents, or 2.2%, in recent after-hours trading to $22.80. ...

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