The company offers earnings and sales guidance in its conference call, so consider this report as unfinished business. Here is the consensus: For the coming quarter, estimates are $0.61 EPS and $17.53 billion in sales. For fiscal June-2012, the current estimates are $2.72 EPS and almost $74.5 billion in sales.
Microsoft also said that its cash and equivalents came in at $10.6 billion, but it listed its short-term investments as being $41.1 billion.
Shares were at the highest pre-earnings handle that they have been in a year. After closing at $28.12, the after-hours report has shares up 2% at $28.75 and the 52-week range is $23.65 to $29.46.
Before seeing any analyst call notes tomorrow and the day after, the consensus price target (mean target) from Thomson Reuters is $31.14. Shares closed out 2011 close to $26.00 and the 50-day moving average is $26.21 and the 200-day moving average is $25.65.
Until you get guidance in the conference call, this should be considered unfinished business.
JON C. OGG
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