
Amazon (AMZN) Earnings Miss Estimate: A Closer Look
Microsoft (MSFT) Stock Sinks as Market Gains: What You Should Know
Microsoft (MSFT) stock fell 1.4% on Wednesday, despite the broader market's gains. The tech giant's shares have been under pressure lately, with the company's fourth-quarter fiscal 2022 results failing to impress investors.
Microsoft's Q4 fiscal 2022 earnings per share (EPS) of $2.35 missed the Zacks Consensus Estimate by 5.3%. The company's revenue of $51.7 billion also fell short of expectations.
The miss was attributed to a decline in Microsoft's commercial cloud revenue, which was negatively impacted by the ongoing pandemic and economic uncertainty. The company's commercial cloud revenue grew only 18% year-over-year, which was below the expected growth rate.
Microsoft's stock has been under pressure in recent weeks, with the company's valuation multiples coming under scrutiny. The stock has fallen 7.5% in the past month, and 10.1% in the past three months.
Despite the recent decline, Microsoft remains one of the most valuable companies in the world, with a market capitalization of over $2.3 trillion. The company's strong cash position and solid financials make it an attractive option for long-term investors.
However, the company's recent earnings miss and declining valuation multiples may lead to further pressure on the stock in the near term. Investors may want to wait for a clearer picture of the company's future prospects before jumping back into the stock.
In the meantime, Microsoft's strong cash position and solid financials make it an attractive option for long-term investors. The company's dividend yield of 1.1% is also attractive, making it a good option for income-seeking investors.