These 5 Stocks Are Soaring Today

2. Microsoft Corporation (NASDAQ:MSFT) is up 5.90% as of 12:07 PM ET after the Redmond, Washington-based tech giant reported better-than-expected results for Q3 2022 and provided strong guidance for the rest of the year. The software maker reported revenue and adjusted EPS of $49.36 billion and $2.22, respectively, and outperformed the consensus estimate of $49.05 billion and $2.19. Microsoft Corporation’s (NASDAQ:MSFT) top line increased by 18% YoY and 20% on a sequential basis. Microsoft Corporation (NASDAQ:MSFT) anticipates Q4 2022 revenue to be in the range of $52.4 billion to $53.2 billion. The midpoint of $52.8 billion is $150 million lower than the analysts’ expectations of $52.95 billion.

According to Insider Monkey’s proprietary data, Microsoft Corporation (NASDAQ:MSFT) was held by 262 hedge funds as of Q4 2021.