WS #13016
Microsoft beat Q4 estimates with Azure +43% and strong cloud revenue, while Meta missed EPS estimates and saw costs rise 55% YoY, sending META lower after hours. Qualcomm reported mixed Q3 results and issued Q4 adjusted EPS guidance below estimates, citing memory crunch and rising costs, but announced price increases starting September 1.
Tech Earnings Divergence: MSFT beats, META misses
Microsoft beat Q4 estimates with Azure +43% and strong cloud revenue, while Meta missed EPS estimates and saw costs rise 55% YoY, sending META lower after hours.
Qualcomm reported mixed Q3 results and issued Q4 adjusted EPS guidance below estimates, citing memory crunch and rising costs, but announced price increases starting September 1.