PREVIEW: Microsoft shares down ahead of quarterly earnings result

Shares of Microsoft MSFT.O down ~1% to $390.18 ahead of its quarterly earnings result due after markets close

AI developments - including OpenAI and DeepSeek - and cloud technology will likely weigh on investor's minds as they consider MSFT's result

Wall Street analysts expect MSFT to report ~11% rise in rev to $68.42 bln and adj EPS of $3.22, up ~10% from a year ago

MSFT's rev and EPS has surpassed analyst expectations every time over the last 8 quarters

Among 60 analysts that cover MSFT, avg rating is "BUY" and median PT is $480

MSFT is down ~8% YTD compared with a ~13% drop in S&P 500 technology index .SPLRCT