The Clap
Microsoft (NASDAQ:MSFT) recorded an EPS of $2.32 in the fiscal Q2 2023, more than the expected $2.29.
What
On the other hand, revenues came in a little below expectations, recording $52.75 billion, less than the expected $52.94 billion. In addition, Microsoft lowered its forecast for revenue growth in the upcoming fiscal Q3 to around 3%.
So What
The reduced forecast came in as a result of weakening business in December. This trend is expected to persist into the company’s fiscal Q3, leading Microsoft to cut its forecast.
Now What
The company’s stock declined by around 1% after-hours.
