UPDATE: Microsoft Q1 EPS $2.99 Beats $2.50 Estimate, Sales $56.52B Beat $51.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
Microsoft reported Q1 earnings per share (EPS) of $2.99, surpassing the estimated $2.50. The company's sales also exceeded expectations, coming in at $56.52 billion against the estimated $51.40 billion.
October 24, 2023 | 8:22 pm
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POSITIVE IMPACT
Microsoft's Q1 earnings and sales exceeded estimates, which could positively impact the company's stock in the short term.
Microsoft's Q1 earnings and sales have surpassed estimates, which is generally seen as a positive signal by investors. This could lead to increased buying pressure for the stock, potentially driving its price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100