Microsoft reported better-than-expected Q1 earnings and revenues, with stock gaining 14.9% this year.

From Nasdaq: 2024-10-30 17:15:06

Microsoft (MSFT) reported quarterly earnings of $3.30 per share, beating the Zacks Consensus Estimate of $3.08. Revenues were $65.59 billion, surpassing estimates by 1.82%. The stock has gained 14.9% this year. The outlook for Microsoft remains key, with a current Zacks Rank #3 (Hold) and upcoming estimate revisions to watch.

Magic Software (MGIC) is expected to report earnings of $0.24 per share, a 14.3% increase year-over-year, with revenues expected to reach $137.3 million, up 6% from last year. Microsoft and Magic Software are part of the Zacks Computer – Software industry, with industry rankings impacting stock performance.

Investors are encouraged to stay informed on Microsoft (MSFT) and Magic Software (MGIC) through Zacks Investment Research for the latest recommendations and analysis. The Zacks Rank system has shown impressive returns over the years, offering valuable insights for investors looking to make informed decisions.



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