Microsoft (MSFT) Q3 Earnings To Gain From Azure & Office 365
Zacks Investment Research | Apr 17, 2019 11:45PM ET
Microsoft Corp. (NASDAQ:MSFT) is set to report third-quarter 2019 results on Apr 24. Notably, the company’s beaten the Zacks Consensus Estimate for earnings in the trailing four quarters, recording an average positive surprise of 9.3%.
Microsoft delivered second-quarter fiscal 2019 earnings of $1.10 per share, surpassing the Zacks Consensus Estimate by a penny. The figure jumped 14.6% on a year-over-year basis.
Revenues of $32.47 billion increased 12% from the year-ago quarter. The figure marginally surpassed the Zacks Consensus Estimate of $32.45 billion.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $1.00 per share, unchanged for the last 30 days. This reflects an increase of about 5.3% from year-ago earnings. The Zacks Consensus Estimate for quarterly estimate stands at $29.83 billion, suggesting an increase of 11.2% year over year.
Let’s see how things are shaping up prior to this announcement.
Factors to Watch Out
Microsoft returned 26.7% in the past year, outperforming the Zacks Investment Research
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