BUZZ-Preview: Microsoft shares dip ahead of earnings; AI spending in focus

October 28 - ** Microsoft MSFT.O shares fell 0.7% on Wednesday. The company will release its quarterly earnings after the market closes, with investors expected to focus on AI spending and cost control measures.

** According to data from London Stock Exchange Group (LSEG), analysts expect this quarter's revenue to be $90.69 billion (compared to $77.67 billion a year earlier), with adjusted earnings per share of $4.73 (versus $4.13 last year).

** On Monday (link), the company offered a voluntary buyout program to about 60,000 employees, aiming to control costs despite its significant investments in AI.

** Based on LSEG data, analyst ratings for the stock include 57 "strong buy" or "buy" ratings and 2 "hold" ratings.

** The 12-month median target price for the stock is $557.50; MSFT’s latest closing price was $527.49.

** Microsoft (MSFT) shares are up about 9.2% so far this year, roughly in line with the rise of the Dow Jones Index .DJI over the same period.

(To facilitate non-native English speakers, Reuters provides its reports translated automatically into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated text and provides it solely for reader convenience. Reuters accepts no liability for any damages or losses resulting from the use of the automated translation function.)