Microsoft Earnings, Revenue Miss in Q4
2022.07.27 00:18
Microsoft Earnings, Revenue Miss in Q4
Investing.com – Microsoft (NASDAQ:MSFT) reported on Tuesday fourth quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Microsoft announced earnings per share of $2.23 on revenue of $51.87B. Analysts polled by Investing.com anticipated EPS of $2.29 on revenue of $52.43B.
Microsoft shares are down 27% from the beginning of the year, still down 27.96% from its 52 week high of $349.67 set on November 22, 2021. They are under-performing the S&P 500 which is down 17.73% from the start of the year.
Microsoft shares lost 1.03% in after-hours trade following the report.
Microsoft follows other major Information Technology sector earnings this month
Microsoft’s report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.98 on revenue of $7.28B, compared to forecasts EPS of $1.74 on revenue of $7.06B.
Taiwan Semiconductor had beat expectations on July 14 with second quarter EPS of $1.53 on revenue of $17.87B, compared to forecast for EPS of $1.44 on revenue of $17.68B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
