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Microsoft Falls 1% After Missing Q4 Earnings
Microsoft (NASDAQ:MSFT) shares fell 1% after-hours on Tuesday after the software giant reported Q4 results, with EPS of...
Yazar: Charles Porter
Yayınlanma: 27 Temmuz 2022 08:15
Güncellenme: 25 Aralık 2024 16:48
Microsoft Falls 1% After Missing Q4 Earnings
Microsoft (NASDAQ:MSFT) shares fell 1% after-hours on Tuesday after the software giant reported Q4 results, with EPS of $2.23 coming in worse than the consensus estimate of $2.29. Revenue rose 12% year-on-year (16% at constant currency) to $51.9 billion, while the consensus estimate was $52.43 billion.
Revenue in Productivity and Business Processes increased 13% year-over-year (17% in constant currency) to $16.6 billion, while revenue in Intelligent Cloud increased 20% year-over-year (25% in constant currency) to $20.9 billion. More Personal Computing revenue increased 2% (5% in constant currency) to $14.4 billion. Q4 results were impacted by macroeconomic conditions and other unforeseen events such as unfavorable exchange rate movements, prolonged production shutdowns in China throughout May, deteriorating PC market in June, Russia/Ukraine.You May Also Be Interested In: Stock Market Today: Energy Sector Surge Offsets Tech Decline The Dow started the week on a positive note on Monday as quarterly gains by major technology companies and a rally in the energy sector offset weakness in the tech sector ahead of a Federal Reserve meeting starting this week. The Dow Jones Industrial Average gained 0.28% or 90 points, while the Nasdaq fell 0.41% and the S&P 500 gained 0.15%. Energy rose more than 3%, supported by a jump in oil prices amid a weaker dollar and lingering concerns over supply fears. https://ieconomy.io/en/stock-market-today-energy-sector-surge-offsets-tech-decline/
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