[Asia Economy Reporter Byunghee Park] Bloomberg reported on the 18th (local time) that Microsoft's stock price hit a new all-time high again after two months.
On that day, Microsoft's stock price closed at $307.29, up 1.01% from the previous trading day in the New York stock market. Bloomberg reported that Microsoft's stock price surpassed the all-time high recorded intraday on August 20. Microsoft's stock price rose for four consecutive days.
The stock price is showing an upward trend ahead of the fiscal year Q1 (July-September) earnings announcement scheduled for the 26th.
Jax Equity Research forecasted that Microsoft's fiscal year Q1 earnings per share will be $2.06, an increase of 13.2% compared to the same period last year. Revenue is expected to increase by 18.1% year-on-year to $43.87 billion.
Microsoft also released a new operating system (OS), Windows 11, on the 5th. It is the first new OS release in over six years since Windows 10 was launched in July 2015. The release of Windows 11 and expectations for sales performance during this year’s year-end shopping season are analyzed as recent factors behind the stock price increase.
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