MSFT Plummets Following Earnings Report, The Beat Expectations But Many Say They Reached The Limit
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Here is what the company reported for Q4:
Revenue $51.73 billion, +20% y/y, beating estimates of $50.87 billion
EPS $2.48 vs. $2.03 y/y, beating estimates of $2.31
Operating income $22.25 billion, +9.9% q/q, beating the estimate $21.06 billion
Capital expenditure $5.87 billion, +41% y/y, beating estimates $5.83 billion
the revenue numbers shows even more beats:
Productivity and Business Processes revenue $15.94 billion, +19% y/y, beating the estimate $15.91 billion
Intelligent Cloud revenue $18.33 billion, +26% y/y, beating the estimate $18.32 billion
More Personal Computing revenue $17.47 billion, +15% y/y, beating the estimate $16.67 billion
“We’ve kind of hit the highest peak of growth we’re going to see in a while,” said Brent Thill, an analyst at Jefferies LLC. “You have a theme of decelerating growth and harder comps are coming up.”
Of course, that's just goalseeking a narrative to a market reaction. The reality is that despite what any other day would have sent the shares soaring 5% to 10% higher, has instead led to a tumble as this merciless market seems ready to punish anything tech related, even if for all the wrong reasons. Indeed, Microsoft shares dropped about 3.5% in extended trading following the report, after declining 2.7% to $288.49 at the close
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