Instant Reaction: Microsoft, Meta Earnings Results
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 30 October 2024
⏱️ 18 minutes
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Summary
Microsoft's cloud-computing and Office software businesses fueled stronger-than-projected quarterly revenue growth, a sign that the company’s hefty investments in artificial intelligence are starting to pay off. Meanwhile, Meta Platforms projected stronger-than-expected holiday quarter sales, and touted AI improvements to its core advertising business. But it wasn’t enough to satisfy Wall Street. For instant reaction and analysis to these results, plus other tech earnings, hosts Tim Stenovec and Katie Greifeld speak with Bloomberg Intelligence senior technology analysts Mandeep Singh and Anurag Rana.
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Transcript
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| 0:48.0 | An earnings Palusa, looking at shares of Meta platforms right now, |
| 0:52.0 | they are lower in the after hours. of Meta platforms right now. |
| 0:53.2 | They are lower in the after hours, but not by much. |
| 0:56.9 | They were bouncing around a little bit, |
| 0:58.5 | but now down about 1.1%. |
| 1:01.5 | We got news that the company sees fourth quarter revenue coming pretty much in line with |
| 1:05.7 | estimates 45 billion to 48 billion dollars. Mark Zuckerberg himself calling it a pretty |
| 1:10.8 | good quarter a good quarter in the press release. let's see what Mandib Singh has to say |
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