Microsoft Shares Sink After Posting Q2 Results

Microsoft Corporation MSFT fell in the extended session Monday after the company posted fiscal second-quarter results in line with expectations.

The software giant's shares traded recently at $45.54, down more than 3 percent.

Microsoft planned to offer an earnings outlook during its conference call with analysts, slated for 5:30 p.m. EST.

Microsoft's earnings for the recent period fell to $5.86 billion, or $0.71 a share, from $11.8 billion, or $1.42 a share a year earlier. Revenue grew to $26.47 billion, from $24.52 billion a year earlier.

Wall Street expected second-quarter earnings of $0.71 a share, on revenue of $26.33 billion.

Results for the recent period included charges of $0.06 a share for restructuring and a tax adjustment.

Microsoft said commercial cloud-based revenue grew 114 percent in the second quarter, driven by Office 365 and other products.

Including this, commercial revenue grew 5 percent to $13.3 billion.

Devices and consumer revenue grew 8 percent to $12.9 billion, including Surface revenue of $1.1 billion, up 24 percent.

Xbox console sales totaled 6.6 million units, with "strong holiday season performance," and phone hardware revenue of $2.3 billion, with 10.5 million Lumia units sold, the company said.