Microsoft Shares Gained 3.78% on Forecast for Double-Digit Revenue Growth

Tiger Newspress2022-07-27

Microsoft shares gained 3.78% in premarket trading. Microsoft forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services.Microsoft reported Q4 EPS of $2.23, $0.06 worse than the analyst estimate of $2.29.

Revenue for the quarter came in at $51.9 billion versus the consensus estimate of $52.43 billion.

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