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Big Tech Earnings Live: Meta and Tesla Shares Surge on Strong Results; Microsoft Drops as Cloud Revenue Growth Slows
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Microsoft shares were down 5% in recent after-hours trading.
Analysts at Jefferies said Meta went “full throttle” with its results Wednesday night, and reiterated a “buy” rating for the shares.
-Aaron McDadeMicrosoft Shares Slide Despite Earnings Beat Microsoft shares slid in extending trading despite better-than-expected results from the software and cloud computing giant.
Microsoft shares were down about 5% recently.
A move of that size could lift Microsoft shares above $502 at the high end, or drag them down to around $460 at the low end.