Reported about 10 hours ago
This week marks a pivotal time for Big Tech earnings, with several major companies releasing results. Meta's stock suffered a loss of over 8% after missing earnings expectations, while Microsoft's shares slid despite exceeding Q1 estimates, driven by its cloud performance. Conversely, Alphabet's stock rose as it reported third-quarter earnings and revenue that surpassed Wall Street forecasts. Overall, the earnings season is seeing a growth expectation of 9.2% in earnings per share for the S&P 500, although this represents a slowdown from previous quarters.
Source: YAHOO