Microsoft revenue grew 13% despite coronavirus and here’s how the company did:
Earnings: $1.46 per share, adjusted, vs. $1.34 per share as expected by analysts, according to Refinitiv.
Revenue: $38.03 billion, vs. $36.50 billion as expected by analysts, according to Refinitiv.
However, looking at the charts, it shows a different picture where it was sold down from its highs. Using the Fibonacci as a guide, it hit its 138.2% mark and seems like it is unable to break through. Based on yesterday's close it is now below its 123.6% mark which we will need to see the weekly close to determine if it will retract back to $191.35.
*I do not own any MSFT shares currently.
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