Microsoft Corporation (MSFT.US) shares advanced in pre-market trading, while Meta Platforms, Inc. (META.US) plummeted, reflecting investors' differing views on the earnings results of the two tech giants.
Microsoft last spiked 8%, while Meta tumbled 8.5%.
Microsoft announced on Wednesday that revenue for 4QFY26 beat analysts' expectations, while its core Azure cloud business grew 43%, also above market forecasts.
However, Meta's earnings and revenue guidance for the quarter both fell short of investor expectations. Meta stated that it expects revenue for the quarter to be between USD61 billion and USD64 billion, with a median of USD62.5 billion. According to LSEG data, analysts had originally expected revenue guidance of USD63.15 billion.
~
AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| MSFT (C) |
11136 |
450 (-) |
0.265 |
9.2 X |
| MSFT (P) |
11064 |
390 (-) |
0.229 |
8.8 X |
| META (C) |
11069 |
830 (-) |
N/A |
N/A |
| META (P) |
11138 |
475 (-) |
0.530 |
4.3 X |
