Microsoft Corp. wrapped up a record year on Wednesday by announcing record quarterly earnings, but stocks still dipped from near-record highs in post-close trading. Microsoft MSFT, + 1.43% reported fourth-quarter tax earnings of $ 11.2 billion, or $ 1.46 a share, on revenue of $ 38 billion on Wednesday, after …
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After Snap Inc. shares initially sank in the news of its second-quarter results on Tuesday, they recovered quickly once analysts read the fine print and dug deep into the numbers. Quarterly losses increased, but so did daily active users and revenue, with strong indications that the current quarter is shaping …
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Shares of International Business Machines Corp. gained Monday night, after the tech giant reported another decline in revenue, but produced more profits and sales than Wall Street expected amid the COVID pandemic- 19. IBM IBM, + 1.00% reported second-quarter net income of $ 1.36 billion, or $ 1.52 per share, …
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Text size Microsoft plans to report earnings on Wednesday. Jeenah Moon / Getty Images As Microsoft will report earnings on Wednesday after the close of trading, Wall Street was frantically updating price targets and estimates on Monday to prepare for what could be better-than-expected results. Microsoft’s fourth fiscal quarter should …
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Text size Dominick Reuter / AFP via Getty Images Microsoft shares have climbed to new highs during the Covid-19 pandemic, as companies accelerate their adoption of cloud-based software. This has given a boost to both Azure, the company’s public cloud service, and cloud-based apps like Office 365 and Teams. How …
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