Published on 28 Jun 2022 on Zacks via Yahoo Finance
Microsoft (MSFT) Dips More Than Broader Markets: What You Should Know
Microsoft (MSFT) closed the most recent trading day at $264.89, moving -1.05% from the previous trading session. This change lagged the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the software maker had lost 2.03% in the past month. In that same time, the Computer and Technology sector gained 3.24%, while the S&P 500 lost 0.62%.
Wall Street will be looking for positivity from Microsoft as it approaches its next earnings report date. In that report, analysts expect Microsoft to post earnings of $2.30 per share. This would mark year-over-year growth of 5.99%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $52.38 billion, up 13.5% from the year-ago period.