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.

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