Microsoft Earnings On Deck (MSFT), Analysts Raise Price Targets As Stock Flirts With ATH
Microsoft’s stock price (NASDAQ:MSFT) has been flirting with highs leading into today’s earnings, with the intraday high of $517.62 in yesterday’s session less than $1 below the ATH.
With earnings due after today’s close, followed by a conference call at 5:30 pm ET, all eyes will be on the tech giant for clues about the it’s outlook in key areas. particularly its cloud computing arm, Azure, and its burgeoning artificial intelligence initiatives.
The street is expecting the firm to print an EPS of $3.38, up strongly from the $2.95 in the same period last year, on revenue of $73.84 billion, itself a 14.08% growth rate. The real story lies beneath the surface.
The prior quarter saw Microsoft exceeding expectations, with CEO Satya…
