Investor Tim Seymour said Microsoft shares remain expensive after the tech giant reported its quarterly earnings. He shared his thoughts on the tech giant’s latest quarterly results on CNBC’s ” Fast Money ” Tuesday. The software giant beat analysts’ forecasts for per-share earnings in its fiscal second quarter , but revenue came in slightly below expectations. The company posted adjusted earnings of $2.32 per share on revenue of $52.75 billion, versus earnings of $2.29 per share on revenue of $52.94 billion predicted by analysts, according to Refinitiv. The company posted a disappointing revenue forecast for the current quarter during its earnings call. “We knew the sales numbers were going to be weak. We know that Microsoft pulled a lot forward. What do you want to pay for this company? You know, somewhere around 22, 23 times 2024 free cash flow is the number that I think the Street is at, and I think much above that it starts to get expensive,” said Seymour, chief investment officer of Seymour Asset Management. “So isn’t it expensive now?” CNBC’s Melissa Lee asked. “It is somewhere in line, and just north of that,” Seymour responded. Microsoft shares were higher initially in extended trading after the tech giant reported its results, but dipped after the company issued lackluster guidance on its earnings call.
Original news source Credit: www.cnbc.com
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Microsoft shares are ‘just north’ of expensive after earnings, Tim Seymour says added by News89 Team on
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