Microsoft reported better-than-expected earnings and revenue for the fiscal first quarter, with a 16% year-over-year revenue growth and net income of $24.67 billion. The company restructured its business segments, combining mobility and security services with some Windows revenue into the Productivity and Business Processes unit. Revenue from this unit exceeded analyst expectations. Azure cloud services…
Mark Zuckerberg, CEO of Meta Platforms Inc., is expected to report third-quarter earnings with analysts predicting earnings per share of $5.25 and revenue of $40.29 billion. Meta’s shares have seen a 70% increase this year, with Zuckerberg surpassing Jeff Bezos as the world’s second-richest person. The company’s strong financial performance is attributed to investments in…
On September 19, 2024, traders at the New York Stock Exchange were gearing up for more tech company earnings reports and an upcoming GDP reading. S&P 500 futures rose, along with Nasdaq 100 and Dow futures. Alphabet had a strong quarter, exceeding expectations and seeing growth in its cloud business, causing shares to surge. However,…