Microsoft Stock Gets Biggest Earnings Boost Since 2015. ‘Our Downgrade Looks Pretty Foolish Right Now.’
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Microsoft stock was rising after the tech giant reported better-than-expected third-quarter earnings and revenue. Microsoft reported third-quarter adjusted earnings of $3.46 a share on revenue of $70.1 billion. Overall cloud revenue in the quarter rose 20% year over year to $42.4 billion, but the company’s closely watched Azure public-cloud business saw 33% growth, a pickup from last quarter’s 31% growth.
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