62 cents a share, vs expected EPS of 56 cents — Microsoft earnings

Separately, on July 17, Deutsche Bank’s Karl Keirstead maintained a Buy rating on the stock and has a price target of $55.

Microsoft also got rid of other key segments during the period. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The disclosure for this sale can be found here. Analysts on average projected profit of 58 cents on sales of $22 billion, according to data compiled by Bloomberg.

As of this writing, shares of Microsoft were down 3.72% at $45.53 per share in after-hours trades. He rates the firm at Buy with a price target of $55. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and nineteen have assigned a buy rating to the company. The 12 month consensus target price has been set at $50.23. The company has a market cap of $378,228 million and the number of outstanding shares have been calculated to be 8,113,000,000 shares.

Microsoft posted earnings of 62 cents a share for the second quarter, above analysts’ estimates of 56 cents a share.

The average estimate among 122 Estimize users was for earnings of $0.54 per share and revenue of $22.42 billion.

The average of analyst’s expectations also predict revenue will drop by 6% due to decreased Windows and Office sales caused by the overall decline in PC sales.

Analysts will be watching very close as Microsoft reports its earnings for the fourth-quarter, considering the painful changes in the company. That figure is artificially depressed on a ratio basis, given that this time past year saw the death of Windows XP, which drove a spate of Of course, with Windows 10 just days out, Microsoft could be suffering from modest wait-until-new-stuff-is-out syndrome on the demand side of things.

Microsoft reported a net loss of 40 cents per share. Investors of record on Thursday, August 20th will be given a dividend of $0.31 per share.

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. It also designs and sells hardware, including the Xbox 360 gaming and entertainment console. The company will continue to make phones on a smaller scale.

Investors will be looking for evidence of continued strength in Microsoft’s cloud-based businesses – including strong net subscriber additions for Office 365 – as they are expected to drive much of Microsoft’s revenue growth in the years ahead.