Microsoft (MSFT) stock rocketed 14% higher on Thursday after posting better-than-anticipated earnings results powered by strong growth in its Copilot and Azure offerings. The company also tamed its spending a hair, saying it is extending the useful life of some data centers and offices, helping to move that spending out of capex.
It's a different story for Meta (META), though. Shares of the social media giant fell more than 9% in early trading as the company failed to provide spending guidance for 2027 and its cash pile dwindled.
Qualcomm (QCOM) stock also slid despite beating expectations on revenue for the quarter, as slowing smartphone sales bit into its outlook.
Up next, Amazon (AMZN) and Apple (AAPL) will report their results after the bell today, as investors look for more insights into Amazon's spending and the impact of the memory shortage on Apple's bottom line.
Microsoft (MSFT) surged more than 15% in early trading on Thursday.
#thursday
It's a different story for Meta (META), though. Shares of the social media giant fell more than 9% in early trading as the company failed to provide spending guidance for 2027 and its cash pile dwindled.
Qualcomm (QCOM) stock also slid despite beating expectations on revenue for the quarter, as slowing smartphone sales bit into its outlook.
Up next, Amazon (AMZN) and Apple (AAPL) will report their results after the bell today, as investors look for more insights into Amazon's spending and the impact of the memory shortage on Apple's bottom line.
Microsoft (MSFT) surged more than 15% in early trading on Thursday.
#thursday
3 months ago
