MSFT Jun 2024 460.000 put
| Previous Close | 62.15 |
| Open | 62.10 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 460.00 |
| Expire Date | 2024-06-21 |
| Day's Range | 62.10 - 62.15 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 199 |
Yahoo FinanceMicrosoft beats Q3 top and bottom lines on cloud strength
Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
- Yahoo Finance Video
Microsoft is monetizing AI right now: Analyst
Microsoft (MSFT) reported third quarter earnings that topped Wall Street estimates on both the top and bottom lines, with its intelligent cloud revenue revenue posting surprising strength. As a result, shares of the tech giant are higher Thursday after the market close. CFRA Research Senior Equity Analyst Angelo Zino joins Market Domination Overtime to discuss Microsoft's results. Zino attributes Microsoft's success to its strategic investments in cloud and artificial intelligence (AI) technologies, which have enabled the company to effectively monetize those offerings. He highlights that this achievement is not sector-wide, giving Microsoft a distinct competitive advantage and saying the strong numbers are likely to continue into 2025. Addressing the potential impact of Microsoft's Copilot on its financial performance, Zino says "that's going to take time." He explains that the company still faces the challenge of persuading customers to adopt and "pay for these Copilots," an issue that extends beyond Microsoft to the entire enterprise software industry. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith.
Investor's Business DailyDow Jones Futures Rise As Microsoft, Google Jump; New Market Rally Still Must Do This
Microsoft and Google jumped on earnings late after the market rally attempt showed resilience Thursday amid Meta's sell-off.
