Tech giant Microsoft (NASDAQ:MSFT) will be reporting earnings this Wednesday afternoon. Here’s what you need to know.
Microsoft beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $70.07 billion, up 13.3% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ operating income 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.
This quarter, analysts are expecting Microsoft’s revenue to grow 14.1% year on year to $73.86 billion, slowing from the 15.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.38 per share.
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, beating revenue estimates every single time over the past two years by 1.7% on average.
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