Microsoft Q2 2024 GAAP EPS $2.93 Beats $2.76 Estimate, Sales $62.00B Beat $61.12B Estimate
Portfolio Pulse from Benzinga Newsdesk
Microsoft (NASDAQ:MSFT) exceeded analyst expectations for Q2 2024, posting GAAP EPS of $2.93 against estimates of $2.76 and sales of $62.00B versus the expected $61.12B. This represents a 17.54% increase in sales compared to the same period last year.
January 30, 2024 | 9:03 pm
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POSITIVE IMPACT
Microsoft reported a strong Q2 2024 with earnings and sales surpassing analyst estimates, indicating robust financial health and potential market confidence.
Microsoft's earnings beat typically signals positive market sentiment, which could lead to a short-term increase in stock price as investors react to the better-than-expected financial performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100