Microsoft MSFT just released its third quarter 2018 financial results, posting adjusted earnings of $0.95 per share and revenues of $26.82 billion.Microsoft is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Microsoft are up 36% over the last year. The company also saw its stock price pop 2.11% on Thursday to hit 94.26 per share prior to the release of its quarterly earnings results.Microsoft stock is currently down 0.37% to $93.91 per share in after-hours trading shortly after its earnings report was released.MSFT:Beat earnings estimates. The company posted adjusted earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.85 per share.Beat revenue estimates. The company saw revenue figures of $26.82 billion, topping our consensus estimate of $25.71 billion.Microsoft's quarterly revenues jumped roughly 16% from $23.56 billion in the year-ago period. Meanwhile, the tech giant’s quarterly earnings climbed from $0.73 per share.Microsoft reported Intelligent Cloud unit revenue of $7.89 billion, which topped our NFM estimate of $7.70 billion. The firm's other two major business units, Productivity & Business Processes and More Personal Computing, also topped estimates.Microsoft also noted that it returned $6.3 billion to shareholders in the form of dividends and share repurchases, which marked a 37% surge.Here’s a graph that looks at MSFT’s Price, Consensus and EPS Surprise history:Microsoft Corporation Price, Consensus and EPS Surprise Microsoft Corporation Price, Consensus and EPS Surprise | Microsoft Corporation QuoteCheck back later for our full analysis on MSFT’s earnings report!More Stock News: This Is Bigger than the iPhone!It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.Click here for the 6 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research