Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Microsoft Trims Q4 Outlook on Unfavorable FX Impact

Published 06/02/2022, 05:13 AM
Updated 06/02/2022, 09:18 AM
© Reuters.  Microsoft Trims Q4 Outlook on Unfavorable FX Impact

Microsoft (NASDAQ:MSFT) updated its fourth-quarter guidance to reflect unfavorable foreign exchange movement.

The software giant now sees Q4 revenue of $51.94 billion - $52.74 billion, versus its prior view of $52.40 billion - $53.20 billion. This compares to the consensus of $52.87 billion.

They now see EPS of $2.24 - $2.32, versus $2.28 - $2.35 prior and the consensus of $2.33.

Microsoft said the additional FX impact is calculated through May 31, 2022, and actual results for the quarter may vary based on FX rate movement through June 30, 2022.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.