Why Microsoft's Earnings Disappointment Signals an Investing Opportunity
Microsoft (NASDAQ: MSFT) missed on both revenue and earnings in its fiscal 2022 fourth quarter. That disappointing news, which the company delivered after the close Tuesday, seemed to confirm the negative segment that has weighed on the tech sector since late last year.
But Microsoft's stock rose 5% Wednesday, trading on a rosier outlook. The factors underlying that market reaction could make this a smart time for investors to consider adding some shares of Microsoft to their portfolios -- and perhaps some of its peers as well.
It was a rare miss for the company. Microsoft's revenue increased by 12% to $51.9 billion in its fiscal fourth quarter, which ended June 30. Wall Street had expected $500 million more.
Source Fool.com
