As a seasoned gamer who has witnessed Microsoft’s evolution since the days of the original Xbox, I must admit that I was a bit concerned when I saw the dip in their stock price after their Q4 2024 earnings report. The fact that they beat analyst expectations in terms of revenue but missed on EPS is a bit puzzling to me, much like trying to master the intricate levels of Halo without a well-timed grenade or two.
For the fourth quarter of 2024, Microsoft (MSFT) has published its financial report, detailing their recent financial activities. Although Microsoft surpassed the analysts’ predictions, they fell short of the EPS unspoken expectation, leading to a decrease in the company’s shares.
In the fourth quarter of 2024, Microsoft’s financial report revealed that they earned approximately $64.7 billion, surpassing the predicted figure of $64.4 billion set by analysts. Nevertheless, their earnings per share amounted to $2.95, falling short of the “whisper number” or unofficial estimate of $3.01.
“Satya Nadella, as both chair and CEO of Microsoft, expressed that our impressive performance this fiscal year reflects not only our innovative approach but also the faith our customers continue to show in us. As a company that provides a platform, our primary goal is to cater to the vital requirements of our customers across our extensive platforms currently, while simultaneously striving to dominate the era of Artificial Intelligence.”
Microsoft’s stocks dipped to $395.70 during post-market trading, following a closing price of $422.92. To keep up with the latest financial updates from major tech and entertainment companies, tune in to Shacknews this week.
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2024-07-30 23:57