Wall Street analysts are standing by Microsoft even after the company's somewhat mixed quarterly report. The tech behemoth posted adjusted fiscal fourth-quarter earnings of $2.69 per share and $56.19 billion in revenue. That beat a Refinitiv consensus estimate of $2.55 earnings per share on revenue of $55.47 billion. Still, the stock traded more than 3% lower in the premarket after Microsoft issued fiscal first-quarter guidance that fell short of expectations .
mountain MSFT falls after earnings But analysts think the stock can march on higher given the company's leadership in artificial intelligence, among other drivers. "Holding a solid leadership position ahead of a large AI-driven tech cycle, Microsoft stands well positioned for durable double-digit EPS growth over multiple years," Morgan Stanley analyst Keith Weiss wrote on Wednesday.
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