Software and electronic product bellwether Microsoft (MSFT) is slated to produce third quarter result tonight after the bell with a conference call scheduled for 5:30 p.m. ET

The current Capital IQ Consensus Estimate calls for Q3 EPS of $0.85 (vs $0.73 a year ago) on revenues of $25.78 bln (vs $23.56 bln a year ago)

Microsoft will likely break out segment revenue guidance on the conference call; currently, the Street expects Q4 EPS of $1.00 on revs of about $28.08 bln

Microsoft has beat EPS and revenue expectations in six of the last seven quarters (missed rev expectations slightly in 3Q17)

Cloud peer Amazon (AMZN) also reports tonight as well.