Why Microsoft Stock Was Wilting on Wednesday
Although (NASDAQ: MSFT) posted estimate-beating quarterly results the previous day, its stock wasn't doing well on Wednesday. On concerns about a key part of the business, Microsoft's share price was down by more than 4% in midafternoon trading. That compared unfavorably to the S 500 index's slight 0.2% decline.
Microsoft unveiled its fourth-quarter 2023 figures after market hours on Tuesday. For the period, revenue was $56.2 billion, an 8% improvement on a year-over-year basis. Net income according to generally accepted accounting principles (GAAP) also rose, climbing almost 20% to land at just over $20 billion ($2.69 per share).
Both headline numbers comfortably beat the consensus analyst estimates for $55.4 billion in revenue and $2.55 per share.
Source Fool.com
Microsoft Corp. Aktie
Klares Buy-Übergewicht bei der Microsoft Corp. Aktie mit 151 zu 4 Einschätzungen.
Ein positives, wenn auch nicht starkes, Potenzial für Microsoft Corp. mit einem Kursziel von 501 € im Vergleich zu 427.95 €.
