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Earnings live: Meta stock tumbles, Microsoft slides, and Alphabet rises as Big Tech earnings pour in
Third quarter earnings season is ramping up, and analysts expect S&P 500 companies grew their profits by 8% during the quarter...
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When Bill Gates cautioned Satya Nadella that Microsoft Corporation's (NASDAQ:MSFT) $1 billion OpenAI investment could go up in flames, few could have imagined it would turn into a $135 billion stake. From Lighting Money On Fire To A $135 Billion .....
Continue ReadingAlphabet reported its third quarter earnings on Wednesday...
Continue ReadingSoftware giant Microsoft beat estimates for its fiscal first quarter thanks to cloud computing and AI services. But Microsoft stock fell in extended trading...
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Microsoft on Wednesday reported its quarterly sales grew 18% to $77.7 billion. The software maker also reported a 22% increase in quarterly profit to $30.8 billion, or $4.13 per share, which beat Wall Street expectations for the July-September period. Microsoft said those results excluded the impacts of money it invested in OpenAI during that period, in an attempt to “help clarify” how those $3 billion losses affected Microsoft's core business...
Continue ReadingMicrosoft (MSFT) is the latest Magnificent Seven company to release earnings results, posting fiscal first quarter results on Wednesday that beat Wall Street expectations: adjust earnings of $3.72 per share (vs. estimates of $3.68) and revenue of $77.67 billion (vs. estimates of $75.55 billion). The tech stock is falling in after-hours trading at the time of this video's posting. This all comes after Microsoft's 27% stake in OpenAI (OPAI.PVT) has been valued at $135 billion after the two companies agreed upon new terms to their partnership. Market Domination Overtime host Josh Lipton and Yahoo Finance senior reporter Allie Canal dive into the earnings release and look into Microsoft's Azure cloud business. Also catch Intelligent Alpha founder Doug Clinton share why investing in Microsoft is still the best exposure to OpenAI. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime...
Continue ReadingGoogle stock climbed after the tech giant reported Q3 earnings and revenue that beat estimates while search advertising and cloud revenue came in above views...
Continue ReadingREDMOND, Wash. AP) — Microsoft Corp. MSFT) on Wednesday reported fiscal first-quarter profit of $27.75 billion...
Continue ReadingAlphabet (GOOG, GOOGL) reported third quarter earnings results on Wednesday after the closing bell, beating several of Wall Street's estimates: earnings per share (EPS) came in at $2.87 (compared to estimates of $2.26), revenue came in at $102.35 billion (compared to estimates of $99.85 billion), revenue excluding traffic acquisition cost (ex-TAC) came in at $87.47 billion (compared to estimates of $85.11 billion), cloud revenue came in at $15.16 billion (compared to estimates of $14.75 billion), and capital expenditures (CapEx) came in at $23.95 billion (compared to estimates of $22.38 billion). Yahoo Finance Senior Reporter Allie Canal examines the earnings release with Yahoo Finance anchor Josh Lipton. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime...
Continue ReadingMicrosoft Corporation (NASDAQ:MSFT) is one of the stocks Jim Cramer recently provided insights on. Cramer discussed the stock during the episode and said: “Alright, Microsoft’s in a tough spot. It’s basically become an enterprise monopolist, and even with this business-friendly White House, it’s still not good to be talking about being a monopolist. What are […]...
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