0 Leon Mathias Posted July 17, 2019 Author Share Posted July 17, 2019 Quote Link to comment Share on other sites More sharing options...
0 Ignatius Bose Posted July 17, 2019 Share Posted July 17, 2019 Microsoft (NASDAQ:MSFT) is expected to announce its fiscal fourth-quarter results after the market hours on Thursday with investors keenly eyeing the earnings to see if the tech giant manages to hold on to its trillion-dollar market cap. Investors will also be watching the performance of Microsoft’s cloud service Azure which is directly in competition with Amazon Inc.’s cloud services, especially after the company reported a robust 73% growth in annual revenues in the first quarter. On the fiscal fourth-quarter earnings outlook, Microsoft is expected to post adjusted earnings of $1.21-1.25 a share from the earlier reported $1.19 a share on revenues of $32.77bn-32.90bn, which is more or less in line with the company’s estimates. Microsoft is currently in a rare group of companies with a valuation of more than a trillion dollars after the tech giant overshot the mark following its last earnings report, and has not looked back since then. According to FactSet, 29 out of 32 analysts are bullish on the stock with either a “buy” or “overweight” rating and an average price target of $144.41. Microsoft settled at $137.08 on Tuesday, down 1.31% for the session, just a day after hitting all-time highs of $139.54. Quote Link to comment Share on other sites More sharing options...
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Leon Mathias
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