Microsoft EPS Up 226.4% in 2023
Strong Revenue Growth Contributes to Earnings Increase
EPS Beats Analyst Expectations
Microsoft Corporation reported strong earnings per share (EPS) for the twelve months ending December 31, 2023. The company's EPS was $11.05, a significant 226.4% increase compared to the previous year.
This growth was driven by strong revenue growth across all of Microsoft's business segments. Revenue for the year was $198.2 billion, an increase of 18.4% over the previous year.
Microsoft's annual EPS for 2023 was $9.68, also exceeding analyst expectations. According to Zacks Investment Research, the consensus forecast from 15 analysts was for EPS of $9.55.
The company's stock price has performed well in recent months, reaching a 52-week high of $430.82. As of April 19, 2024, Microsoft's stock is trading at $399.12, down -1.27% for the day.
Comments