Microsoft Guides Q4 Down

June 2, 2022

Microsoft dropped its fiscal fourth-quarter guidance due to foreign exchange rate movement. Microsoft now sees between $51.94 billion and $52.74 billion in revenue for the quarter. Microsoft was looking for fourth-quarter revenue in the range of $52.4 billion to $53.2 billion.

Microsoft shaved Q4 earnings forecast, to a range of $2.24 to $2.32. Previously, the firm guided earnings per share between $2.28 and $2.35.

Investors were expecting Q4 revenue of $52.87 billion and an EPS of $2.33.