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Microsoft Trims Q4 Outlook on Unfavorable FX Impact
2022.06.02 16:40
Microsoft Trims Q4 Outlook on Unfavorable FX Impact
Microsoft (NASDAQ:MSFT) updated its fourth-quarter guidance to reflect unfavorable foreign exchange movement.
The software giant now sees Q4 revenue of $51.94 billion – $52.74 billion, versus its prior view of $52.40 billion – $53.20 billion. This compares to the consensus of $52.87 billion.
They now see EPS of $2.24 – $2.32, versus $2.28 – $2.35 prior and the consensus of $2.33.
Microsoft said the additional FX impact is calculated through May 31, 2022, and actual results for the quarter may vary based on FX rate movement through June 30, 2022.
