Microsoft CEO Satya Nadella speaks at Microsoft’s press conference in New York.
Don Emmert | AFP | Getty Images
Microsoft will report its fiscal fourth quarter results after the markets close on Tuesday.
Here’s what analysts are looking for:
- income: According to Refinitiv, $2.29 per share adjusted as analysts expected.
- income: $52.44 billion, as expected by analysts, according to Refinitiv.
During the quarter, Microsoft lowered its quarterly revenue and earnings guidance due to changes in foreign exchange rates. CEO Satya Nadella said employees would get a pay raise, and the company introduced services to help customers deal with security incidents.
However, when management lowered its earnings expectations, it did not take into account other issues that could have hurt results.
Technology industry researcher Gartner said earlier this month that logistics disruptions in the quarter led to lower shipments of PCs, which are a key driver for selling Windows operating system licenses to device makers. In addition, macroeconomic worries that are hurting the growth of ad revenue for social networks Snap and Twitter could weigh on Microsoft. In 2021, the company received 10 billion dollars from advertising, excluding the cost of acquiring traffic.
Microsoft shares have sold off 25% this year, compared with a 17% decline in the US S&P 500 stock index.
Executives will discuss the results with analysts and issue guidance during a webcast beginning at 5:30 p.m. ET.
This story is evolving. Check for updates.
WATCH: Microsoft is the best value in the large-cap tech space, Wedbush’s Manuelian says
Microsoft (MSFT) Q4 2022 Earnings
Source link Microsoft (MSFT) Q4 2022 Earnings