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Microsoft Third-Quarter Result Beat Expectations on Strong Cloud Perfomance...
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Google’s corporate parent Alphabet Inc. on Thursday released a quarterly report showing it’s still reaping double-digit revenue gains from its digital advertising empire while sowing potentially lucrative new ground in artificial intelligence. The results for the first three months of the year provided the latest evidence that Google has regained its momentum after an unprecedented downturn in 2022 coming out of the pandemic. Alphabet punctuated its renewed vigor by also disclosing plans to begin paying shareholders a quarterly dividend for the first time since since Google went public 20 years ago...
Continue ReadingAlphabet shares were trading sharply higher late Thursday on strong March quarter financial results. For the quarter, the parent of Google and YouTube posted revenue of $80.5 billion, up 15% from the year-earlier period and well above Street consensus at $78.7 billion. Profits were $1.89 a share, blowing past the Street consensus as tracked by FactSet at $1.51 a share...
Continue ReadingMicrosoft (MSFT) reported third quarter earnings of $2.94 per share. Revenue of $61.9 billion topped estimates of $60.8 billion. The company's cloud business was a standout, with revenue of $35.1 billion versus an estimate of $33.9 billion. Yahoo Finance's Julie Hyman Jared Blikre, and Josh Schafer break down the tech giant's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich...
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Shares of Microsoft rose after the software giant reported quarterly results that beat Wall Street's estimates on sales and revenue. Here’s what the company reported, as well as what analysts expected, according to FactSet: + Revenue of $61.9 billion vs. an expected $60.9 billion + Earnings of $2.94 per share, vs. an expected $2.84 per share Investors are watching how enthusiasm over artificial intelligence technology is fueling demand for its cloud services. It has also helped Microsoft dethrone Apple as the company with the world’s highest market value...
Continue ReadingMicrosoft shares are headed higher in late trading Thursday after the software giant posted better-than-expected March quarter results, including another quarter of strong performance by the company's Azure cloud computing business. Microsoft shares were 5.6% higher in late trading. For the quarter, Microsoft reported revenue of $61.9 billion, up 17% from the year-earlier quarter, and $1 billion above the Street consensus as tracked by FactSet at $60.9 billion...
Continue ReadingMicrosoft on Thursday said its profit rose 20% for the January-March quarter as it tries to position itself as a leader in applying artificial intelligence technology to make workplaces more productive. Analysts polled by FactSet expected Microsoft to post revenue of $60.86 billion for the quarter. Microsoft doesn't spell out how much money it makes from AI products, including its flagship Copilot chatbot that can compose documents, write code or generate images...
Continue Reading(Reuters) -Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buybuck, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share...
Continue ReadingSector Update: Tech Stocks Mixed Late Afternoon...
Continue ReadingGoogle's Q1 earnings beat expectations with a strong performance in Search, YouTube and Google Cloud. Read more about the results and why the stock is currently a hold...
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