Microsoft, Meta Smash Earnings Expectations
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Microsoft and Meta exceeded Wall Street's expectations in their latest earnings reports. Microsoft reported record-breaking revenue of $70.1 billion and earnings per share of $3.46, surpassing forecasts. Meta also surpassed predictions, with $42.3 billion in revenue and $6.43 EPS. Both companies' stock prices surged following the positive results, despite a broader market pullback. These strong performances are seen as crucial indicators for the tech sector, especially with ongoing trade uncertainties.
Microsoft and Meta exceeded Wall Street's expectations in their latest earnings reports. Microsoft reported record-breaking revenue of $70.1 billion and earnings per share of $3.46, surpassing forecasts. Meta also surpassed predictions, with $42.3 billion in revenue and $6.43 EPS. Both companies' stock prices surged following the positive results, despite a broader market pullback. These strong performances are seen as crucial indicators for the tech sector, especially with ongoing trade uncertainties.
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