Corporate / Industrial News

Facebook Earnings Beat Drives Meta Shares Soar, But Sales Have Slowest Growth in a Decade

Facebook Earnings Beat Drives Meta Shares Soar, But Sales Have Slowest Growth in a Decade

Meta Platforms Inc. is the latest tech giant to feel an economic pinch, as Facebook’s parent company reported its slowest sales growth in a decade on Wednesday and issued a lukewarm revenue guide. “Headwinds to revenue” are likely to lead to a slowdown in investment, Meta chief executive Mark Zuckerberg said in a webcast presentation …

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Microsoft Beats Earnings After Raising Prices for Office;  stocks rise after strong forecast

Microsoft Beats Earnings After Raising Prices for Office; stocks rise after strong forecast

Microsoft Corp. on Tuesday eclipsed profit and sales estimates and produced stronger-than-expected revenue across its business segments in an earnings report, and shares rose after executives’ forecasts also beat estimates. Microsoft MSFT, -3.74% reported third-quarter fiscal earnings of $ 16.73 billion, or $ 2.22 per share, compared with $ 2.03 per share a year ago. …

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