Where Will It Be in 1 Year
Shares of Microsoft (NASDAQ:MSFT) gained 2.66% over the past five trading sessions after losing 0.99% the five prior. That brings MSFT’s year-to-date gain to nearly 25%, including a more than 45% gain since its year-to-date low on April 8. The company’s reported strong Q2 earnings on July 30. The Magnificent Seven mainstay reported EPS of $3.65 versus analysts’ expectations of $3.35, while quarterly revenue came in at $76.44 billion.
On Oct. 1, the company announced that it was increasing its Xbox Game Pass subscription by 50%. In its last fiscal year, Microsoft saw more than 8% of revenue derived from its gaming segment, which now boasts 50 million monthly active subscribers and nearly $5 billion in YoY revenue.
On June 5,…
