Strategist Sees 3.5% Post-Earnings Move For Microsoft

could move a bit more than 3.5 percent following its fiscal third quarter earnings report after the bell Wednesday, JJ Kinahan told Benzinga. Kinahan, chief strategist for

, made the forecast based on recent Microsoft options trading records. "We haven't seen the volume we'd expect heading into earnings," Kinahan said of Microsoft options trading. Wall Street expects Microsoft to post a 25 percent decline in quarterly earnings to $0.51 a share, while revenue will grow 3 percent to $21.06 billion. Following its second quarter earnings report, Microsoft fell sharply. Shares changed hands recently at $43.30, down 8 percent during the past three months.