Microsoft Stock Drops 5% After Strong Q1 Results A…
From Financial Modeling Prep: 2024-10-31 10:44:00
Microsoft (NASDAQ:MSFT) exceeded Q1 expectations with $3.30 EPS on $40.59 billion revenue. Azure grew by 33%, contributing $1.5 billion. However, guidance for Azure growth in Q2 at 31-32% caused a 5% drop in shares. High capital expenditures of $20 billion raised concerns, with Barclays analysts cautious over near-term growth potential due to AI capacity constraints.
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