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Why Microsoft's Shares Are Still a 'Buy' After Latest Earnings Report

Susannah Lee
7/22/14 5:29 PM EDT
Microsoft (MSFT) reported its quarterly results which fell short of analyst forecasts on Tuesday after the closing bell. The tech giant earned $0.55 a share, that was a nickel short of forecasts. On the revenue side, Microsoft earned $23.4 billion dollars, that was just slightly ahead of estimates. Fort Pitt Capital's Senior Analyst Kim Caughey Forrest owns shares of the tech giant. Forrest says Microsoft shares have run-up nicely. Forrest says Intel's (INTC) latest results showed that small businesses which owned really old computers likely bought new PCs in the quarter. Forrest thinks Microsoft's new CEO Satya Nadella is off to an impressive start at the company. Microsoft recently said it would cut 18,000 jobs, the biggest round of layoffs in the company's history. Find out if Forrest is adding more Microsoft shares to her portfolio at this level as she speaks with TheStreet's Susannah Lee.
Stock quotes in this video: MSFT, AAPL, INTC

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