Microsoft (MSFT) is set to report its Q3 (Mar) results today after the close.

The CapitalIQ consensus estimate for non-GAAP EPS being flat year-over-year at $2.23, and for revenue to grow 3.4% year-over-year to $51.01 billion.

Keys:

  • In early February, MSFT launched an all-new, AI-powered Bing search engine and Edge browser, which may be discussed during the call.

  • Azure is probably the most closely watched segment, with its growth rate declining in recent quarters, causing some concern.

  • MSFT was cautious on the DecQ call due to customers exercising caution given the macro uncertainty, and weaker-than-expected results in the US.

Overall, some caution may be warranted ahead of tonight's report, as the stock has pulled back over the past week.

TECHS:

MSFT stalled again at that 292 level.


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