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Why Microsoft Stock Fell After Earnings: Jim Cramer Explains

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Microsoft reported earnings that seemed to let down Wall Street. 

Microsoft (MSFT) - Get Report reported fiscal third-quarter earnings of $1.95 per share on revenue of $41.7 billion. Analysts were expecting earnings of $1.77 per share on revenue of $40.83 billion.

“Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning. We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform,” said Microsoft CEO Satya Nadella in a statement.

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