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The Marked Chart Wire · Business
Microsoft Earnings
Microsoft reported first-quarter revenue of $92.28 billion and adjusted earnings per share of $4.89, both exceeding analyst expectations. Cloud revenue reached $63.9 billion, while capital spending came in below estimates at $39.37 billion.
Part of a series: Microsoft expands AI hardware and reports strong cloud growth
Prices from Based on Thu, Oct 29 close · Opens Fri 9:30 AM ET. Each tile opens the stock's chart and news.
New to this? Read: Trading around earnings
HotAlphabet Earnings
Alphabet shares fell 13 percent, wiping out about $500 billion in value, after quarterly free cash flow turned negative due to high AI costs. Revenue missed expectations, and the company plans an $85 billion equity raise.
HotAnalyst Ratings
Wall Street firms updated ratings after earnings, with Microsoft targets rising on Azure growth. Alphabet and Fortinet faced downgrades or target cuts due to search and product growth concerns.
HotAlphabet Earnings
Alphabet shares dropped about 10 percent after hours as search revenue grew 12 percent to $63 billion, missing expectations for the second consecutive quarter. Google Cloud revenue doubled to nearly $31 billion, but free cash flow fell to negative $9 billion.
Microsoft
Twenty-two firms raised their estimates for Microsoft, lifting the average target to $634. The stock currently trades at $531.01, with individual predictions ranging from $440 to $750.
HotSamsung Earnings
Samsung Electronics reported quarterly earnings nearly equal to the combined profits of Microsoft and Alphabet. The company provided an updated outlook for the memory chip market.
HotMicrosoft
Microsoft stock climbed 4 percent after the company reported earnings and revenue that exceeded expectations, driven by a 48 percent increase in Azure revenue.
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