Microsoft Rose Nearly 3% in Premarket Trading after Posting Its Strong Sales Forecast
Tiger Newspress2022-01-26
Microsoft rose nearly 3% in premarket trading after posting its strong sales forecast.
Microsoft reported fiscal second-quarter earnings of $18.8 billion, or $2.48 a share, up from $2.03 a share a year ago, and revenue jumped to $51.73 billion from $43.08 billion a year ago. Analysts on average expected earnings of $2.32 a share on sales of $50.71 billion, according to FactSet.
Chief Financial Officer Amy Hood said that Microsoft expects fiscal third-quarter revenue of $48.5 billion to $49.3 billion, topping the average analyst expectation of $48.11 billion, according to FactSet, and revenue guidance for each of the three revenue segments met or beat analysts' average expectations.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
