Microsoft beats on revenue and earnings; stock is little changed

Earlier this month Jefferies analysts led by Brent Thill upgraded Microsoft stock to buy from the equivalent of a sell rating. "We see a large diversified business with excellent visibility that has a clear line of sight into double-digit rev growth for the foreseeable future," they wrote in a note to clients. The analysts pointed to Azure, the Office business and LinkedIn as growth opportunities.

Microsoft said last month that it would stop disclosing gaming revenue and would instead start disclosing revenue from Xbox content and services, as the company has bolstered its gaming services, with. In the fiscal first quarter, though, Microsoft said Xbox content and services revenue was basically unchanged.

With respect to guidance, analysts are looking for Microsoft to forecast $36.02 billion in revenue for the fiscal second quarter, according to Refinitiv.Executives will discuss the results with analysts at 5:30 p.m. Eastern time.

God damn it amazon and visa better save everyone tomorrow

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens TuesdayHere's what you need to know before the stock market opens: 1. The UK is facing Big Brexit votes. 2. SoftBank looking to take control of WeWork.
Source: CNBC - 🏆 12. / 72 Read more »

What to watch today: Dow to drop on earnings, Zuckerberg to testify and SoftBank's WeWork dealDow futures turned lower after Dow stock Caterpillar sank on disappointing earnings. Do You Want create superb car intro or logo animation video in 10$ Visit My Portfolio: Please Contact Me: logo logointro intro introvideo introanimation animationvideo logodesign animationlogo video YouTube Fiverr RT Softbank Wework deal.....
Source: CNBC - 🏆 12. / 72 Read more »

Chipotle Stock Is Up Over 90% This Year, And Could Go Higher After Beating EarningsThe once under-fire burrito chain delivered yet another quarter of solid growth. I don't need to pay for irritable bowels cj_816 gsmith_14 __CNote
Source: Forbes - 🏆 394. / 53 Read more »