Microsoft stock gains, Alphabet sells off as mega-caps post earnings results
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UNLOCK OFFER- Microsoft beat on top and bottom lines.
- Alphabet also beat on top and bottom lines.
- MSFT stock rises 5% afterhours.
- GOOGL stock falls more than 4% in the post-market.
Microsoft (MSFT) won the battle of the mega-caps late Tuesday as it and Alphabet (GOOGL) both posted their earnings results for the most recent quarter. Microsoft stock gained more than 5% after the Washington State behemoth reported beats on the top and bottom line, while posted decent results but saw its share price sink more than 4%.
Microsoft reported GAAP earnings per share (EPS) of $2.99, 34 cents above Wall Street analyst consensus. Revenue also came in $1.95 billion above expectations at $56.5 billion. The Productivity and Business Processes segment saw revenue increase 13% YoY, Intelligent Cloud saw sales rise 19% YoY, and the More Personal Computing segment has sales rising 3% from a year ago.
Alphabet reported GAAP EPS of $1.55 beat the Wall Street consensus by 10 cents. Sales of $76.79 billion also overpowered the consensus by nearly $1 billion. Google Search net revenue rose by 11% YoY, while YouTube advertising rose more than 12% from last year. Google Cloud saw net revenue ramp up nearly 23% from a year ago.
- Microsoft beat on top and bottom lines.
- Alphabet also beat on top and bottom lines.
- MSFT stock rises 5% afterhours.
- GOOGL stock falls more than 4% in the post-market.
Microsoft (MSFT) won the battle of the mega-caps late Tuesday as it and Alphabet (GOOGL) both posted their earnings results for the most recent quarter. Microsoft stock gained more than 5% after the Washington State behemoth reported beats on the top and bottom line, while posted decent results but saw its share price sink more than 4%.
Microsoft reported GAAP earnings per share (EPS) of $2.99, 34 cents above Wall Street analyst consensus. Revenue also came in $1.95 billion above expectations at $56.5 billion. The Productivity and Business Processes segment saw revenue increase 13% YoY, Intelligent Cloud saw sales rise 19% YoY, and the More Personal Computing segment has sales rising 3% from a year ago.
Alphabet reported GAAP EPS of $1.55 beat the Wall Street consensus by 10 cents. Sales of $76.79 billion also overpowered the consensus by nearly $1 billion. Google Search net revenue rose by 11% YoY, while YouTube advertising rose more than 12% from last year. Google Cloud saw net revenue ramp up nearly 23% from a year ago.
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