MICROSOFT CORP. TECHNICAL ANALYSIS – 27 OCTOBER
MICROSOFT FALLS AFTER A ‘SIGNIFICANT’ GUIDANCE MISS Shares of Microsoft (NASDAQ:MSFT) are trading nearly 6% down in early Wednesday trading after the tech titan offered soft guidance for its fiscal second quarter while also lowering the 2023 revenue outlook. Microsoft reported an EPS of $2.35 to top the analyst estimate of $2.32. Revenue jumped 11% YoY to $50.1 billion, again higher than the consensus of $49.86 billion. This marks the weakest quarterly sales growth in five years for Microsoft. Microsoft Azure grew 35% to generate $20.33 billion in sales, while analysts were looking for a 36% growth rate. Microsoft’s Productivity and Business Processes and Personal Computing units topped analyst views. “In a world facing increasing headwinds, digital technology is the ultimate tailwind. In this environment, we’re focused on helping our customers do more with less, while investing in secular growth areas and managing our cost structure in a disciplined way,” said Satya Nadella, cha...