🔥Stock Prediction: How will Microsoft close Wednesday 26/4 following their earnings?
Click to vote. Guess how will Microsoft close Wednesday 26/4 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
$Microsoft(MSFT)$ is scheduled to report earnings for the third quarter of its financial year after US markets close on Tuesday April 25.
🔙 Latest Results
Microsoft's revenue in the second quarter of fiscal year 2023 was US $52.75 billion, slightly lower than the market expectation of 52.94 billion,Year-on-year increase of 2% .It is the lowest level since 2016.
Net income was $16.4 billion GAAP and $17.4 billion non-GAAP, and decreased 12% and 7%, respectively.
💡Microsoft Q3 earnings preview
Microsoft saw earnings drop for the first time in seven years in the last quarter, but Wall Street believes this was a temporary blip and expect the company to be the only member of Big Tech to squeeze out bottom-line growth this earnings season. The tech behemoth has proven more resilient than its rivals, partly thanks to its more diversified offering, but it is not immune to the broader slowdown affecting the industry.
Demand for computers, Xbox gaming consoles and other hardware remains under pressure.Meanwhile, its Productivity & Business Processes, driven by its Office suite and other software, is expected to see sales rise
Microsoft Earnings Preview: Bulls’ AI Hopes Offset PC, Cloud Worries
📒Microsoft Q1 earnings consensus
Microsoft's Q1 revenue is expected to be $51.138 billion, with an adjusted net profit of $16.691 billion and an adjusted EPS of $2.235, according to Bloomberg's consensus expectation.
💰Event Details
Click to vote. Guess where $Microsoft(MSFT)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
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⏰Event Time
The deadline for this event is 21:00 on 26th April 2023
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How will Microsoft close Wednesday 26/4 following their earnings?(Single choice)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.
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