‘FAAMG’ profit and revenue growth, as well as guidance updates will be the next test for stocks amid a suddenly choppy market.
The Redmond, Washington-based software-and-hardware giant is forecast to post double-digit profit growth as well as a modest increase in revenue growth, reflecting solid demand for its cloud computing products.Consensus estimates call for earnings per share of $2.65, improving 12.8% from a profit of $2.35 in the year-ago period amid the positive impact of reduced operating expenses and ongoing job cuts.
The key unit saw sales growth of 15% in fiscal Q4 to $23.99 billion, while revenue from its Azure cloud services, which Microsoft does not report in dollars, grew 26%, compared with 27% in the preceding quarter.MSFT stock closed at $331.32 last night, within sight of its all-time high of $366.78 reached in July. With a market cap of $2.46 trillion, Microsoft is the world’s second-most valuable company.Microsoft has been on a major uptrend since the start of the year, rising 38.
Revenue is expected to climb 11.3% from the year-ago period to $141.5 billion, reflecting ongoing strength in its cloud computing and advertising businesses. If confirmed, that would be the second-highest quarterly sales total in its history.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »