Microsoft easily topped analysts’ forecasts in its first quarter of 2024, as the world’s largest company continues to impress Wall Street.... Microsoft’s $2.94 earnings per share topped estimates of $2.82, according to FactSet, and its $61.9 billion in sales topped projections of $60.9 billion.
Crucially, Microsoft reported $12.5 billion in operating income in its AI-heavy intelligent cloud division, well above estimates of $12.1 billion.The release comes immediately after Microsoft stock suffered one of its biggest losses of the year, as shares slid more than 2% thanks to investor disappointment in Facebook parent Meta’s results on Wednesday spurred a wider tech selloff.
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