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Stock impact report

MSFT Dumps As CapEx Disappoints, Despite Top- & Bottom-Line Beat [zero hedge]

Microsoft Corporation (MSFT) 
Last microsoft corporation earnings: 4/29 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: microsoft.com/en-us/investor
Company Research Source: zero hedge
MSFT Dumps As CapEx Disappoints, Despite Top- & Bottom-Line Beat Heading into the "biggest earnings day ever", MSFT was near the bottom of the Mag7 group, down 22% from its 52-week high, with capacity constraints hampering growth and CapEx concerns weighing down the stock. Microsoft has guided to roughly $80 billion in AI data center spending this fiscal year, and the Street wants to know if that money is actually getting deployed. The headline results were solid and prompted initial gains in MSFT after hours as it beat top- and bottom-line : *MICROSOFT 3Q REV. $82.89B, EST. $81.46B *MICROSOFT 3Q EPS $4.27, EST $4.07 Breaking down the revenue saw beats across the board: Microsoft Cloud revenue $54.5 billion, estimate $53.78 billion Intelligent Cloud revenue $34.68 billion, estimate $34.32 billion Productivity and Business Processes revenue $35.01 billion, estimate $34.48 billion More Personal Computing revenue $13.19 billion, estimate $12.65 billion But Azure and other cloud services Show less Read more
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