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Microsoft to report on Thursday

Microsoft will reveal its third-quarter results for 2014 on Thursday after 9pm (London time). The consensus is for earnings per share of $0.63 and a revenue of $20.39 billion.

Microsoft is trading at 3958, down 1% on the trading day as the US Tech 100 is underperforming the broader S&P 500.

In January, Microsoft announced second-quarter EPS of $0.78 and revenue of $24.5 billion, both above estimates; the share price is up nearly 6% since then. The stock has managed to pull back some of the losses it incurred in April during the tech stock sell off, but it is still down over 3% since the beginning of the month.

Keep in mind the results that were released in January that included strong sales on Xbox games and Surface tablets from the Christmas period. Microsoft is gaining ground in the cloud computing arena, and the integration of Nokia is boosting phone revenues.

If the results are better than expected we could retest the multi-year high of $41.66 reached on 1 April; if they are weak we could trade down towards the 100-day moving average of 3794.

Microsoft chart

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