Microsoft earnings top estimates as cloud business sees growth

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Microsoft (MSFT) reported third quarter earnings of $2.94 per share. Revenue of $61.9 billion topped estimates of $60.8 billion.

The company's cloud business was a standout, with revenue of $35.1 billion versus an estimate of $33.9 billion.

Yahoo Finance's Julie Hyman Jared Blikre, and Josh Schafer break down the tech giant's quarterly results.

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This post was written by Stephanie Mikulich.