. The technology company reported adjusted earnings per share of $1.37 on revenues of $33.72 billion. Analysts had expected earnings per share of $1.21 on revenues of $32.77 billion, according to Refinitiv. Microsoft's Intelligent Cloud business segment produced $11.39 billion in revenue in the quarter — analysts had been expecting the business segment to generate $11.02 billion, according to FactSet.
climbed 10% after the shoemaker's second-quarter earnings surpassed Wall Street's expectations. Skechers reported earnings per share of 49 cents on revenues of $1.26 billion. Analysts polled by Refinitiv had expected earnings per share of 34 cents on revenues of $1.22 billion. The company's COO David Weinberg said Skechers experienced growth in every region, with the most in India, the Middle East, China and Mexico.
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