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With Microsoft stock trading near a 14-year high, expectations also are high that new CEO Satya Nadella can light a fire under the sleepy software giant. After the market close Thursday, Microsoft (MSFT) will report its first quarterly earnings since Nadella became chief executive on Feb. 4. Since taking the top job, Nadella has shuffled the executive ranks and tried to focus the company on mobile and cloud computing. Analysts polled by Thomson Reuters expect Microsoft to earn 63 cents a share on sales of $20.39 billion for the March quarter, its fiscal Q3. That would translate to year-over-year declines of 12.5% in EPS and 0.5% in sales. It also would be the first drop in sales in six quarters. Wall Street is forecasting a rebound in fiscal Q4. For the June quarter, analysts predict that Microsoft will earn 67 cents a share, up 1.5%, on sales of $21.04 billion, up nearly 6%. Microsoft stock was down more than 1%, near 39.50, on… Scalper1 News
Scalper1 News