Microsoft Earnings Dented by Cloud Slowdown, Videogame Sales Drop

As markets react to inflation and high interest rates, technology stocks are having their worst start to a year on record. WSJ’s Hardika Singh explains why the sector — from tech giants to small startups — is getting hit so hard. Illustration: Jacob ReynoldsMicrosoft Corp. suffered its slowest earnings growth in two years, hurt by, declining videogame sales and the effects of strong dollar.

The company on Tuesday posted sales of $51.9 billion for its fiscal fourth-quarter, up 12% for the same period a year earlier, though below Wall Street expectations. Sales were affected by myriad other issues, including supply-chain disruptions in China, scaling back operations in Russia after the country’s invasion of Ukraine and

Suffered is too strong a word... 'held back' would've been better.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Microsoft soothes market fears with forecast for strong revenue growth By Reuters*MICROSOFT MISSES QUARTERLY PROFIT, REVENUE ESTIMATES; SHARES DROP 1% - $MSFT
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Microsoft earnings: It's the forecast that matters, so be patientMicrosoft's all-important forecast is expected to come during a conference call Tuesday, a couple of hours after its earnings report is released.
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Coca-Cola Earnings Beat Wall Street Estimates as Sales Volume Recovers From PandemicCoke reported quarterly earnings and revenue Tuesday that exceeded analysts’ expectations.
Источник: nbcsandiego - 🏆 524. / 51 Прочитайте больше »

Stock Market Today Live Updates: Dow, S&P 500 Finish Lower After Walmart’s Warning, Earnings ContinueMicrosoft and Alphabet saw sharp slowdowns in their business strongholds. Follow live markets coverage as earning reports start rolling in.
Источник: WSJ - 🏆 98. / 63 Прочитайте больше »