Microsoft earnings top estimates on cloud strength

Microsoft reported fiscal fourth quarter results that topped Wall Street estimates. Adjusted earnings were $3.65 per share compared to a Bloomberg consensus estimate of $3.37. Revenue was $76.44 billion, topping the expected $73.89 billion. The company got a boost from the strong performance from its Intelligent Cloud unit. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.