Microsoft 3Q earnings beat Street expectations

Associated Press
FILE - In this April 2, 2014 file photo, Microsoft CEO Satya Nadella gestures during the keynote address of the Build Conference in San Francisco. Microsoft reports quarterly earnings on Thursday, April 24, 2014. (AP Photo/Eric Risberg, File)
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FILE - In this April 2, 2014 file photo, Microsoft CEO Satya Nadella gestures during the keynote address of the Build Conference in San Francisco. Microsoft reports quarterly earnings on Thursday, April 24, 2014. (AP Photo/Eric Risberg, File)

REDMOND, Wash. (AP) — Microsoft Corp. posted flat revenue and a decline in net income for the fiscal third quarter. The results still beat analyst expectations.

Net income in the quarter through March 31 came to $5.66 billion, or 68 cents per share, down from $6.06 billion, or 72 cents per share, a year ago.

Revenue was nearly unchanged at $20.40 billion, compared with $20.49 billion a year ago.

Analysts polled by FactSet expected Microsoft to post earnings of 63 cents per share on revenue of $20.39 billion.

Shares rose 64 cents, or 1.6 percent, to $40.50 in after-hours trading. They had closed up 17 cents at $39.86 in the regular session.

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