Tech giant Microsoft (NASDAQ:MSFT) will be reporting earnings tomorrow after market close. Here’s what investors should know.
Microsoft met analysts’ revenue expectations last quarter, reporting revenues of $64.73 billion, up 15.2% year on year. It was a mixed quarter for the company. Revenue roughly met expectations, but all-import Azure constant-currency revenue growth missed. Moving down the P&L, operating and EPS beat slightly.
Is Microsoft a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Microsoft’s revenue to grow 14.2% year on year to $64.56 billion, improving from the 12.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.10 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Microsoft has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.5% on average.
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