Microsoft Corporation (NASDAQ:MSFT) is reporting fourth quarter financial results on Wednesday 22nd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, MSFT is expected to report 4Q20 income of $ 1.37 per share from revenue of $ 36497.40 million.
For the full year, analysts anticipate top line of $ 141500.00 million, while looking forward to income of $ 5.68 per share bottom line.
Previous Quarter Performance
Microsoft Corporation unwinded income for the third quarter of $ 1.40 per share, from the revenue of $ 35,021.00 million. The quarterly earnings increased 22.81 percent compared with the same quarter last year. According to street consensus, MSFT was expected to report 3Q20 income of $ 1.26 per share from revenue of $ 33657.00 million. The bottom line results beat street analysts by $ 0.14 or 11.11 percent, at the same time, top line results outshined analysts by $ 1,364.00 million or 4.05 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MSFT was $ 208.75, representing a 59.62 % increase from the 52 week low of $ 130.78 and a 3.53 % decrease over the 52 week high of $ 216.38.
The company has a market capital of $ 1,583.04 billion and is part of the Technology sector and Software – Infrastructure industry.
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Recent Analyst recommendations
On 9th July 2020, maintained by Wedbush at Outperform rating, with $ 260.00 target price.
On 9th July 2020, maintained by Morgan Stanley at Overweight rating, with $ 230.00 target price.
On 24th June 2020, maintained by Goldman Sachs Group at Buy rating, with $ 215.00 target price.
Conference Call
Microsoft Corporation will be hosting a conference call at 5:30 PM eastern time on 22nd July 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.microsoft.com
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The companys Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); and Skype, Outlook.com, and OneDrive. It also provides LinkedIn that includes Talent and marketing solutions, and subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
