Microsoft’s Q3 results surpassed estimates for both revenue and earnings.
But the revenue forecast for Q4 was less than anticipated, with the company reportedly projecting $64 billion, which is below the consensus of $64.5 billion – (only just).
Revenue: $61.86 vs. $60.80 billion expected
Earnings per share: $2.94 vs. $2.82 expected
Additionally, Microsoft is reportedly boosting its capital expenditures to acquire Nvidia graphics processing units, which are essential for training and operating artificial intelligence (AI) models.
Microsoft one month share price chart 2024
