Wall Street analysts stay bullish on Microsoft after earnings given its 'unique position' in A.I.

Wall Street analysts are standing by Microsoft even after the company's somewhat mixed quarterly report. The tech behemoth posted adjusted fiscal fourth-quarter earnings of $2.69 per share and $56.19 billion in revenue. That beat a Refinitiv consensus estimate of $2.55 earnings per share on revenue of $55.47 billion. Still, the stock traded more than 3% lower in the premarket after Microsoft issued fiscal first-quarter guidance that fell short of expectations .

mountain MSFT falls after earnings But analysts think the stock can march on higher given the company's leadership in artificial intelligence, among other drivers. "Holding a solid leadership position ahead of a large AI-driven tech cycle, Microsoft stands well positioned for durable double-digit EPS growth over multiple years," Morgan Stanley analyst Keith Weiss wrote on Wednesday.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow leads Wall Street higher as investors eye beyond techThe Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as investors bet on sectors beyond technology in a week filled with earnings reports and a Federal Reserve meeting.
Source: Reuters - 🏆 2. / 97 Read more »