Microsoft MSFT, -0.59% is scheduled to report fiscal fourth-quarter financial results after the bell, wrapping up yet another record year for profit and revenue, with annual earnings expected to increase nearly 20% and sales expected to produce roughly 18% gains. Most of the drama in the numbers was removed when Microsoft executives warned in early June that earnings would come in lower than expected, with roughly a month to go in the quarter.
What to expect Earnings: Analysts on average expect earnings of $2.29 a share, according to FactSet, down from $2.33 a share expected before Microsoft revised its outlook. That would still be an increase from $2.17 a share reported in the fiscal fourth quarter a year ago. The stock has declined 23% so far in 2022, as of the end of Monday’s trading session, while the S&P 500 index SPX, +0.13% has dropped 16.1% and the Dow Jones Industrial Average DJIA, +0.28% — which counts Microsoft as a component — has fallen 12.2%.
Second, they believe Microsoft needs to “de-risk the outlook for FX, PCs and a weakening consumer,” without offering many ideas for how executives would accomplish that feat. Third, they believe Microsoft executives need to maintain their guidance for double-digit growth in operating income, though they will accept if executives add the caveat that it would only be in “constant currency,” which factors out the strengthening dollar.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »