Why Microsoft Stock Is Sinking Today
(NASDAQ: MSFT) stock is slipping in Thursday's trading following the company's recent quarterly report. The tech giant's share price was down 5.4% as of 3 p.m. ET.
After the market closed yesterday, Microsoft reported results for the fist quarter of its current fiscal year -- which ended Sept. 30. While sales and earnings for the period came in ahead of Wall Street's expectations, investors aren't satisfied with the company's forward guidance.
Microsoft posted earnings per share of $3.30 on revenue of $65.59 billion, beating the average analyst estimate's call for per-share earnings of $3.11 on revenue of $64.56 billion. The company's revenue was up roughly 16% year over year in the period, and earnings per share were up 10% compared to last year's quarter. The business posted operating income of $30.6 billion in the period -- good for a margin of roughly 46.7% and up 14% compared to Q1 last year.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 163 Buy predictions and 4 Sell predictions.
With a target price of 506 € there is a positive potential of 25.53% for Microsoft Corp. compared to the current price of 403.1 €.
