After the close, Microsoft (MSFT) is scheduled to report 1Q21 earnings with a conference call set for 5:30 p.m. E.T. MSFT will likely provide 2Q20 revenue guidance during the call.
Analysts are currently forecasting Q2 revenue of $40.5 bln.
The current Capital IQ Consensus for Q1 stands at revenue of $35.78 bln and EPS of $1.55.
Fueled by robust growth for its Azure cloud products, MSFT exceeded analysts' top and bottom line expectations in each of the past six quarters.
TECHS:
Since mid-October, shares have slid lower by about 5%, which takes some risk off the table heading into tonight's print.
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