Microsoft earnings: Stock charges higher on strong Azure growth
by MarketWatch
MarketWatch— The company reported fiscal-third quarter net income of $21.9 billion, or $2.94 a share, up from $18.3 billion, or $2.45 a share, in the year-earlier quarter. Analysts were modeling $2.82 a share. Revenue rose to $61.9 billion from $52.9 billion and ahead of the FactSet consensus, which was for $60
@cityam—Amazon's stock surges on strong earnings, fuelled by AI-driven cloud growth. Amazon.com surpassed Wall Street's expectations in its quarterly report, buoyed by the surge of interest in artificial intelligence, particularly in its cloud-computing division, propelling the retail giant's shares up to 5% in after-hours trading.
Zero Hedge—Micro Trumps Macro As Stocks Shrug Off Week Of Higher Inflation, Higher Rates, & Lower Growth. Micro Trumps Macro As Stocks Shrug Off Week Of Higher Inflation, Higher Rates, & Lower Growth It was an ugly macro week Source: Bloomberg and worse still, 'growth' surprises disappointed significantly while 'inflation' surprises surprised to the upside significantly Source: Bloomberg Soaring inflation expectations sent rate-cut expectations to new cycle lows Source: Bloomberg pushing yields higher across the board (led by the long-end) Source: Bloomberg But, stocks...
Investor's Business Daily—MercadoLibre Stock Gains On Strong Q1 Earnings. MercadoLibre stock jumped late Thursday, after the Latin American e-commerce company reported Q1 earnings and sales that easily beat expectations.