Microsoft (MSFT) stock is extending gains ahead of the titan’s fiscal Q2 earnings scheduled to be released after the market close on Wednesday, July 29. Consensus is for the multinational to post $87.42 billion in revenue on $4.21 in earnings per share (EPS), representing a 15.34% year-over-year increase.
Heading into the quarterly print, Microsoft shares are down more than 15% versus their June high.