Microsoft’s stock dropped 7% during Tuesday’s extended trading session as investors ignored the company’s higher-than-expected revenue and earnings in favour of the unsatisfactory cloud results.
The company’s performance in comparison to the LSEG consensus is as follows:
EPS: $2.95 as opposed to the projected $2.93 Income: $64.73 billion as opposed to the predicted $64.39 billion In the fiscal fourth quarter, which concluded on June 30, Microsoft reported revenue that was 15% higher than the previous year.
With a net income of $22.04 billion, it was more than the $20.08 billion, or $2.69 per share, in the same period last year.
The Intelligent Cloud division of the corporation brought in $28.52 billion in revenue. GitHub, Windows Server, Nuance, and the public cloud Azure are all included.
The amount was lower than the $28.68 billion consensus among analysts surveyed by the source, up almost 19%.
Source (CNBC)
