Microsoft shares are down Wednesday despite an earnings report that showed a 2% spike in quarterly revenue.
shares dropped as much at 4.6% Wednesday and is on track to record its biggest one-day decline since Jan. 4, when shares plummeted 4.4%.
Its price-to-earnings ratio was around 26. Its 52- week PE low was on Nov. 3, 2022 at 22.21 which was the lowest PE ratio since Aug. 28, 2015 when it was 18.23. Wall Street estimates. Second-quarter revenue rose 2% to $52.7 billion in the three months ending on Dec. 31, compared with the average analyst estimate of $52.94 billion, according to Refinitiv IBES."The group’s overall revenue growth is a long way off the double-digit strides markets had become accustomed to.
Over the last five days, the stock is up approximately 1.7%, while year-to-date, shares are now roughly 0.7% beneath the redline.
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