Microsoft (MSFT) Laps the Stock Market: Here's Why
Source: Zacks ·
In the most recent trading session, Microsoft (MSFT) closed at $501.61, indicating a +1.59% shift from the previous trading day.
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Microsoft (MSFT) closed at $501.61 in the latest trading session, marking a +1.59% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.49%. On the other hand, the Dow registered a gain of 0.71%, and the technology-centric Nasdaq increased by 2.26%. Coming into today, shares of the software maker had gained 2.18% in the past month. In that same time, the Computer and Technology sector gained 2.97%, while the S&P 500 gained 0.1%. The upcoming earnings release of Microsoft will be of great interest to investors. The company is forecasted to report an EPS of $4.69, showcasing a 13.56% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $90.6 billion, showing a 16.65% escalation compared to the year-ago quarter. For the full year, the Zacks Consensus Estimates are projecting earnings of $19.62 per share and revenue of $389.42 billion, which would represent changes of +9.3% and…