When does Microsoft report earnings? In the historical earnings table above, in the column labeled “Implied Straddle”, you will see the percentage move that was expected for the earnings based on the options at-the-money straddle price. Furthermore, you can see a before and after price effect comparison in MSFT earnings. The “Implied Straddle” column will show you what the market expected the stock price move to be before the earnings release and the “Price Effect” column will show you what the actual stock price move was after the release. This will give you a good idea of how good the market place is at predicting the stock price reaction of an earnings report for MSFT.
When does Microsoft report earnings?
Shares of Snapchat-parent Snap went tumbling as much as 16% in after-hours trading on Tuesday after the company reported a steep loss and its second ever decline in sales.
Snap posted a net loss of $377 million from the June quarter, an improvement from its $422 million net loss during the year-ago period but worse than the $66 million loss Wall Street analysts had projected.
Sales also fell nearly 4% from the prior year to $1.07 billion, its second consecutive decline in quarterly sales.
Snap warned that its sales could decline for a third consecutive quarter in the September quarter. Snap said it expects revenue between $1.07 billion and $1.13 billion for the September quarter, which could mark up to a 5% decline from the same period in the prior year.
“Snap’s weak outlook further underlines fears that corporations and small businesses alike are cutting back on digital advertising spending amid the current operating environment,” Investing.com senior analyst Jesse Cohen said in emailed commentary.
One positive highlight from the report: Snapchat’s daily active users grew by 14% year-over-year to 397 million. The company also announced last month that its Snapchat+ subscription service had gained more than 4 million paying customers in its first year.
Snap has been struggling since changes to Apple’s app tracking system made ad targeting more difficult for a number of social platforms. Snap on Tuesday said that improvements to its machine learning systems for ad targeting “have led to more relevant ads.”
All eyes on AI as Microsoft prepares for pivotal earnings report
Investors will be looking for early signs of traction from Microsoft’s artificial intelligence investments Tuesday afternoon when the company reports results for its fiscal fourth quarter.
They’ll likely need to wait longer to see a significant financial payoff from the company’s biggest AI bets, such as Microsoft 365 Copilot, still available only as a preview for now. Microsoft’s pricing news for the product sent its shares soaring to a new record last week.
But with the company already incorporating AI into other products, including Bing, GitHub, and its Azure cloud platform, Wall Street will be watching Microsoft’s results to get a sense for the actual business demand for emerging forms of artificial intelligence.
Microsoft’s partnership with ChatGPT maker OpenAI, sealed with a multi-billion dollar investment in the San Francisco company, has helped to give the Redmond company an early edge in the emerging era of generative artificial intelligence.
Wall Street analysts expect Microsoft to report revenue of $55.47 billion, as reported by Yahoo Finance, up 7% from the same quarter a year ago. That’s in the middle of Microsoft’s prior guidance of $54.85 billion to $55.85 billion.
Analysts expect the company to report earnings of $2.55 per share, up 14% from a year ago.
Google parent Alphabet, another cloud and AI bellwether, will report its earnings Tuesday afternoon, as well. Amazon reports earnings next week, on Thursday, Aug. 3.
Apart from AI, another angle to watch in Microsoft’s earnings will be any comments from CEO Satya Nadella about the company’s revenue from security products. A high-profile U.S. government breach by a Chinese hacking group is raising new questions about the security of Microsoft products, and its revenue from security tools.
Nadella said in January that security revenue surpassed $20 billion annually (up from $15 billion a year earlier), which was about 10% of Microsoft’s $204 billion in revenue in the 2022 calendar year.
On another front, analysts are likely to press for details on the outlook for Microsoft’s $69 billion Activision-Blizzard acquisition. The company recently won a key court ruling and gave itself an extra three months of breathing room to complete the deal.
Check back with GeekWire for details on Tuesday afternoon.
Live updates | Increased Israeli airstrikes jeopardize relief, leave neighborhoods in shambles
Increased Israeli airstrikes are devastating parts of the Gaza Strip, jeopardizing relief operations and leaving neighborhoods in shambles. A strike in the Nuseirat refugee camp on Wednesday killed several family members of one of Al Jazeera TV’s chief correspondents, Wael Dahdouh. Strikes elsewhere destroyed homes and businesses and left many digging through the debris.
Health care facilities are doing their best to treat the wounded, but with supplies that are becoming scarce.
The U.N. agency for Palestinian refugees says its relief operations across the Gaza Strip will need to be curtailed amid the airstrikes.
The war, in its 19th day, is the deadliest of five Gaza wars for both sides. The Hamas-run Health Ministry said Wednesday that at least 6,546 Palestinians have been killed and 17,439 others wounded. In the occupied West Bank, more than 100 Palestinians have been killed and 1,650 wounded in violence and Israeli raids since Oct. 7.
The Associated Press couldn’t independently verify the death tolls cited by Hamas, which says it tallies figures from hospital directors.
More than 1,400 people in Israel have been killed, according to Israeli officials, mostly civilians who died in the initial Hamas rampage. Israel’s military on Wednesday raised the number of remaining hostages in Gaza to 222 people, including foreigners believed captured by Hamas during the incursion. Four hostages have been released.
U.S. and other officials fear the fighting could spill over into a wider regional conflict.
Nadav Kipnis’ parents, Evyatar and Lilich Kipnis, were found dead days after the Oct. 7 Hamas attack. His cousin is being held captive.
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