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MSFT META- Spending Like Mad, But Blowing Away Estimates
Microsoft Corp. (MSFT) shares just soared, hitting a new all-time high and topping the $4 trillion market cap mark, after the company posted a beat-and-raise quarter. Meanwhile, Meta Platforms Inc. (META) also hit new all-time highs after it posted a double-beat and raised its forecast,
Meta’s stock makes sharp gains on blowout earnings results
On a conference call with analysts, Meta Chief Executive Mark Zuckerberg (pictured) said the real reason for the company’s success is its artificial intelligence technology, which has helped to unlock “greater efficiency and gains across our ad system.”
Both Meta and Microsoft have strong quarterly earnings that beat analysts' expectations, but neither company mentioned crypto ...
Meta outperformed Wall Street expectations with its Q2 earnings report, sparking an aftermarket rally of as much as 10% ...
Meta's strong earnings report sent its stock soaring after hours. The company also made it clear that the AI talent wars come ...
Meta reported second-quarter revenue of $47.52 billion, beating analyst estimates of $44.58 billion, according to Benzinga ...
If Meta investors had concerns about the company’s huge spending on artificial intelligence infrastructure and talent, they’re likely to be assuaged by its blockbuster earnings report on Wednesday.
Meta and Microsoft have been investing heavily in AI infrastructure in recent years, and are set to still shell out billions ...
Qualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations and provided a ...
Analysts are calling for another quarter of big growth from the Facebook parent company when Wednesday's earnings results hit. The FactSet consensus is for $5.88 in second-quarter earnings per share, ...
On the surface, Meta would seem to have momentum working in its favor. The last time the company failed to meet expectations ...
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