Microsoft 3Q Earnings Beat Estimates, Revenue Misses

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Microsoft lowered its operating expense guidance due to the $732 million fine to the European Commission for failing to offer European PC buyers an adequate browser choice.

"Our enterprise business continues to thrive," said COO Kevin Turner in a statement. "We continue to take share from our competitors in key areas including hybrid cloud, data platform, and virtualization."

For the current quarter, analysts expect Microsoft to earn 78 cents on revenue of $21.19 billion.

Microsoft shares closed at $28.79, down 3 cents, on Thursday. In after-market trading, shares climbed almost 2 percent to $29.34.


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