Visa Inc. (V) shares are up $1.42 to $70.75 in after-hours trading Thursday after the company reported its Q116 earnings results.
The world’s largest payments network operator posted earnings of $0.69 per share on revenues of $3.57 billion, up 5.4% from a year ago. Analysts were expecting EPS of $0.68 on revenues of $3.61 billion.
Microsoft Corporation (MSFT) reported second-quarter non-GAAP EPS of $0.78 after the closing bell Thursday, compared to the consensus estimate of $0.71. Revenues declined 1.7% from last year to $25.69 billion. Analysts expected revenues of $25.21 billion. The software giant credited strong sales of cloud software offerings for Q2 beat. Cloud-services revenue rose 5% to $6.3 billion for the period.
“Businesses everywhere are using the Microsoft Cloud as their digital platform to drive their ambitious transformation agendas,” Satya Nadella, Microsoft’s CEO said in a statement. “Businesses are also piloting Windows 10, which will drive deployments beyond 200 million active devices.”
M’soft shares are currently up $2.06 to $54.12 on more than 58 million shares.
Amazon.com, Inc. (AMZN) plunged $66.35, or nearly 11%, to $569.00 in after-hours trading after it reported fiscal-fourth quarter earnings.
The e-commerce giant handed in non-GAAP earnings of $1.00 per share on revenue of $35.75 billion, missing Wall Street estimates of $1.58 per share on revenue of $35.98 billion.
The company guided Q116 revenues of $26.5-$29.0 billion, as compared to analysts’ expectations of $27.72 billion.
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