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Published On: Sat, Jul 16th, 2016

Microsoft Sales, Earnings Seen Falling In June Quarter

Microsoft‘s (MSFT) path to growth is expected to take a detour with its fiscal fourth-quarter earnings report, due out after the close Tuesday.

Analysts polled by Thomson Reuters expect the software giant to earn 58 cents a share, down 3% year over year, on sales of $22.14 billion, down a fraction, in the June quarter.

It would mark the first decline in EPS in five quarters and the fourth drop in sales in the last five quarters.

Microsoft is transitioning from a company focused on client-server software to one focused on internet cloud computing services.

Since its last earnings report, Microsoft announced plans to buy professional network site LinkedIn (LNKD) for $26.2 billion. Plus, in May, Microsoft took a $950 million impairment and restructuring charge to streamline its smartphone business.

Microsoft stock dipped a fraction to 53.70 on Friday. It was the stock’s first down day in the last nine trading sessions.

IBD’s TAKE: Microsoft stock has climbed nine of the last 11 trading sessions since breaking through its 50-day moving average line on June 30. But Microsoft stock has a middling IBD Composite Rating of 42. For more stock analysis, consult the IBD Stock Checkup.

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Source: Technology – IBD

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