WS #13023
MSFT beats with Azure growth 43%, stock up 3% AH; META misses EPS, FCF collapses 91%, stock down >10% AH; QCOM beats and raises prices; ARM beats but guides lower royalties; FTNT double beat, stock +12% AH. Fed leaves rates at 3.5%-3.75% but three dissents favor a hike; Nasdaq 100 enters correction territory.
Mega-Cap Tech Earnings (MSFT, META, QCOM, ARM, FTNT)
MSFT beats with Azure growth 43%, stock up 3% AH; META misses EPS, FCF collapses 91%, stock down >10% AH; QCOM beats and raises prices; ARM beats but guides lower royalties; FTNT double beat, stock +12% AH.
Fed leaves rates at 3.5%-3.75% but three dissents favor a hike; Nasdaq 100 enters correction territory.