Microsoft beats estimates, but Google gets slammed on ad revenue worries
Reaction to the big tech results on Tuesday night was to sell Microsoft and Alphabet/ Google, even though both companies beat earnings estimates.
Source: fxstreet.com
Page 17 - Intelligent Cloud News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Intelligent Cloud. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Intelligent Cloud Today - Breaking & Trending Today
Microsoft Tops Record Sales
Microsoft delivered its best-ever quarterly revenue for its fifth quarter in a row amid AI wave. Microsoft outperformed Wall Street predictions for second-quarter revenue on Tuesday, driven by increased attraction to its new AI features.
Source: hngn.com
Microsoft (MSFT) Q2 2024 Earnings Call Transcript
MSFT earnings call for the period ending December 31, 2023.
Source: yahoo.com
Microsoft gets a price target lift after great quarter driven by AI
Expectations matter, and in the case of Microsoft, it looks like they got a bit lofty. And that's ok if the company is doing well, which is the case here.
Source: cnbc.com
Microsoft touts AI strength, but shares dip as market digests costs
But Microsoft shares were down 1% after-hours as investors absorbed news about rising costs to develop these AI features.
Source: businesstoday.in