Investor Tim Seymour said Microsoft stock remains expensive after the tech giant reported quarterly earnings. He shared his thoughts on the tech giant’s latest quarterly results on CNBC’s “Fast Money” on Tuesday. The software giant beat analysts’ forecasts for earnings per share in its fiscal second quarter, but revenue came in slightly below expectations. According to Refinitiv, the company posted adjusted earnings of $2.32 per share on revenue of $52.75 billion, compared with earnings of $2.29 per share on revenue of 52. $.94 billion predicted by analysts. The company posted a disappointing revenue forecast for the current quarter during its earnings call. “We know sales are going to be weak. We know that Microsoft has made a lot of progress. How much do you want to pay this company? You know, about 22, 23 times free cash flow in 2024 is that. numbers that I think Seymour, chief investment officer at Seymour Asset Management, said, “So isn’t that expensive now?” asked CNBC’s Melissa Lee. Seymour replied: Microsoft stock was initially higher in extended trading. after the tech giant reported its results, but dropped after the company gave lackluster guidance on its earnings call.
