Microsoft hits all-time high ahead of earnings

  • Microsoft is set to report its third-quarter earnings after the closing bell on Thursday.
  • The company hit an all-time intraday high of $US79.42 ahead of its earnings.
  • Wall Street is expecting adjusted earnings of $US0.72 per share on revenue of $US23.55 billion.

Analysts are generally bullish ahead of the company’s report. 25 of the 34 surveyed by Bloomberg rate the company a buy. Just two analysts rate Microsoft a sell.

Microsoft reports on one of the busiest days of the earnings season. Amazon, Intel, Comcast, and others are also reporting on Thursday.

Microsoft is up 0.65% on Thursday ahead of earnings and is 26.47% higher this year.

Get a live stock price for Microsoft here…

Get the latest Microsoft stock price here.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.