Microsoft Stock Slips as Broader Markets Rise; Upcoming Earnings and Business Outlook Remain Strong
• Microsoft (MSFT) stock closed lower while broader markets rose; MSFT underperformed the S&P 500, Dow, and Nasdaq • MSFT shares down 0.7% over the past month, lagging sector and S&P 500 gains • Upcoming MSFT earnings expected to show double-digit growth in EPS and revenue • Recent positive EPS estimate revisions indicative of favorable business outlook • MSFT trades at premium to industry average valuation based on forward P/E and PEG ratios