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Markets are expecting Microsoft to announce adjusted earnings per share for its fourth-quarter at 0.605, derived from sales of $22.71 billion and expected pre-tax profits of $6.47 billion. This would be off by 19% - considerably lower than their fourth quarter figures last year.
In the last year Microsoft have acquired the struggling mobile phone company Nokia. Having been the largest mobile phone company in the world, the last decade has seen it superseded by both Samsung and Apple. Even an official association with Microsoft was not enough to turn the company’s fortunes around.
Having now had total control of the company since its €5.4 billion acquisition in September 2013, Microsoft has decided to aggressively restructure the company. This will see some 1,100 jobs cut in Finland and a total of 18,000 globally.
Shares in Microsoft have been strongly bullish for the majority of the last two years. The markets have reacted well to the proactive measures being taken by the firm, concerning the perceived over-staffing.
This has seen the shares move aggressively into overbought territory and now stand some considerable distance from the 200-day moving average. The short-term outlook is overbought but any correction would provide a more attractive entry level into the stock.