Investor Tim Seymour said Microsoft shares remain expensive after the tech giant reported its 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 was slightly below expectations. The company reported adjusted earnings of $2.32 per share on revenue of $52.75 billion, compared to analysts’ estimates of $2.29 per share on revenue of $52.94 billion, according to Refinitiv. The company released a disappointing revenue forecast for the current quarter during the earnings call. “We knew the sales numbers were going to be weak. We know that Microsoft has been pulling a lot ahead. What do you want to pay for this company? You know, somewhere around 22, 23 times 2024 free cash flow is the number I think the Street is at and I think a lot above that it’s getting expensive,” said Seymour, chief investment officer at Seymour Asset Management. “So it’s not expensive now?” asked CNBC’s Melissa Lee. “It’s somewhere in line and just north of that,” Seymour replied .Microsoft shares were initially higher in extended trading after the tech giant reported its results, but fell after the company issued lackluster earnings guidance.
