Microsoft stock falls after cloud numbers disappoint

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Microsoft (MSFT) reported fiscal fourth quarter results that topped analyst expectations. Earnings of $2.95 per share was better than the $2.94 the Street was expecting. Revenue of $64.73 billion just beat the estimated $64.52 billion. Cloud revenue was about in line with estimates, $6.8 billion versus the expected $6.84 billion; however, Intelligent Cloud, which is where its Azure business is counted, saw revenue fall short of expectations, $28.52 billion compared to an estimated $28.72 billion. Market Domination Overtime anchors Julie Hyman and Josh Lipton break down the tech giant's results. #youtube #microsoft #news About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

Published 2024-07-30 · Watch on YouTube ↗
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