Microsoft earnings preview: What to watch as tech giant shares latest financial update

Microsoft CEO Satya Nadella. (GeekWire Photo / Nat Levy)

Microsoft is locked in a three-way race for the title of the nation’s most-valuable company with Amazon and Apple, with the iPhone maker leading the way for now. All three tech giants will report their latest quarterly financials over the next week, starting today with Microsoft, promising to shake up the race yet again.

Microsoft stock is up 24 percent so far this year, and the tech giant will look to keep the good times rolling when it shares financials for the third quarter of its fiscal year after the market closes this afternoon. Microsoft will look to rebound after surprisingly coming up short on revenue expectations last quarter.

What analysts expect from Microsoft: Earnings of $1 per share on $29.84 billion in revenue, according to analysts surveyed in advance by Yahoo Finance, good for year-over-year growth of nearly 12 percent. Beyond the core numbers, here are a few things we’ll be watching:

(GeekWire Photo / Nat Levy)

It’s been another busy quarter for Microsoft; here are some of the highlights: