Technology giant Microsoft (NASDAQ: MSFT) will be announcing earnings results this Wednesday after market hours. Here’s what to look for.
Microsoft beat analysts’ revenue expectations last quarter, reporting revenues of $81.27 billion, up 16.7% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EPS estimates and a narrow beat of analysts’ revenue estimates.
Is Microsoft a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Microsoft’s revenue to grow 16.3% year on year, improving from the 13.3% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Microsoft has a history of exceeding Wall Street’s expectations.
ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.
Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.
