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Microsoft 'In Unique Position To Scale Gen-AI Revenue,' Goldman Sachs Says Ahead Of Q3 Earnings
Microsoft Corp. (NYSE:MSFT) will report its fiscal Q3 2024 earnings Thursday, after market close, marking the most pivotal earnings report for the week.
The world’s largest corporation has a market of nearly $3 trillion and is currently “in a unique position to scale Gen-AI revenue without structural changes to its profitability profile” according to Goldman Sachs analysts Kash Rangan and Henry Dane.
Microsoft Earnings Preview: What Do Analysts Expect?
Consensus among Wall Street analysts indicates that Microsoft is expected to report earnings per share of $2.83 and revenue of $60.769 billion, according to data derived from Benzinga Pro platform.
The average revenue is projected to increase by 15.1% year-on-year, with a slight easing of 1.9% compared to the previous quarter.
Earnings are ...