Microsoft is rallying ahead of earnings

Markets Insider

Screen Shot 2018 04 26 at 12.09.06 PMMarkets Insider

Microsoft shares are up more than 2% Thursday as investors ready for the company’s third-quarter results, which are due out after the closing bell.

Wall Street expects the company to earn an adjusted $US0.85 a share on $US25.78 billion of revenue. That would make for an almost 40% spike in earnings-per-share compared to a year ago. Analysts are largely bullish ahead of the results, with 28 “buy” ratings compared to just 2 “sell” ratings.

Microsoft is up 9.73% on the year.

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