Microsoft (NASDAQ: MSFT) Q3 earnings preview

Microsoft (NASDAQ: MSFT) stock hit a fresh all-time high of $262 ahead of the earnings announcement. The company is scheduled to announce Q3 financial results on Tuesday after market close. Consensus forecast EPS of $1.78 on revenue of $41B. In its second quarter, $MSFT reported earnings of $2.03 per share and revenue of $43.08 billion.

Earlier this month Microsoft announced its $19.7 billion acquisition of Nuance Communications. Nuance develops conversational AI and ambient intelligence technology. The acquisition is Microsoft’s biggest since the $26-billion purchase of LinkedIn.

$MSFT key technical levels to watch:

Support: $255 and $245/30

Resistance: $263 and $280