The post-earnings decline in Microsoft’s stock is a perfect buying opportunity, CNBC’s Jim Cramer said Wednesday.
Shares of the tech giant were trading lower by more than 2% in the premarket as investors digested the company’s fiscal third-quarter results. Quarterly revenue of $41.71 billion and adjusted earnings per share of $1.95 were both better than Wall Street expectations.
The stock was still down nearly 2.3% when the market opened.
“This is ridiculous. That’s the stock to buy this morning,” Cramer said before the bell Wednesday on “Squawk Box.”
“There’s just a knee-jerk decline,” he said. “The decline tends to work all day because the brokers want to try to be able to get the sellers the best price.”
