Microsoft Corp reports results for the quarter ended December 31 - Earnings Summary

• Microsoft Corp MSFT.OQ reported quarterly adjusted earnings of $3.23​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $2.93. The mean expectation of thirty four analysts for the quarter was for earnings of $3.11 per share. Wall Street expected results to range from $3.01 to $3.47 per share.

• Revenue rose 12.3% to $69.63 billion from a year ago; analysts expected $68.78 billion.

• Microsoft Corp's reported EPS for the quarter was $3.23​.

• The company reported quarterly net income of $24.11 billion.

• Microsoft Corp shares had risen by 6.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.4% in the last three months.​

• In the last 30 days, twelve analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 53 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for Microsoft Corp is $500.00

This summary was machine generated from LSEG data January 29 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)