Microsoft Set to Report Q2 Earnings as Wall Street Sees 14.7% Revenue Growth
Updated
Updated · stockstory.org · Jul 28
Microsoft Set to Report Q2 Earnings as Wall Street Sees 14.7% Revenue Growth
3 articles · Updated · stockstory.org · Jul 28
Summary
Wednesday after the close, Microsoft is due to post quarterly results with analysts expecting 14.7% year-on-year revenue growth, a slower pace than the 18.1% gain in the comparable period last year.
Analyst estimates have stayed largely unchanged over the past 30 days, signaling expectations that Microsoft's business momentum will hold steady into the report.
Last quarter, Microsoft reported $82.89 billion in revenue—up 18.3% year on year—and beat Wall Street's revenue and EPS expectations.
That track record leaves investors focused on whether Microsoft can extend its pattern of outperformance in one of the busiest weeks of earnings season for major U.S. companies.