Previous close | 2.2700 |
Open | 2.2700 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 175.00 |
Expiry date | 2025-12-19 |
Day's range | 2.2700 - 2.2700 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
Microsoft (MSFT) reported third quarter earnings of $2.94 per share. Revenue of $61.9 billion topped estimates of $60.8 billion. The company's cloud business was a standout, with revenue of $35.1 billion versus an estimate of $33.9 billion. Yahoo Finance's Julie Hyman Jared Blikre, and Josh Schafer break down the tech giant's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
Microsoft and Google showed investors that heavy artificial intelligence investment can pay off with rising revenue, allaying concerns raised a day earlier by Meta, which said its expensive foray into AI was not immediately paying off. Shares in Google-parent Alphabet were up over 11% in Frankfurt on Friday, while Microsoft shares rose nearly 5%. Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services.