Q4 Earnings Spotlight: Microsoft, Meta, Tesla, and More
Today marks a pivotal moment for the tech sector as major technology companies, including Microsoft, Meta Platforms, Tesla, and IBM, are set to unveil their fourth-quarter earnings results.
Microsoft’s Expected Earnings
Microsoft is projected to report earnings of $3.88 per share on $80.2 billion in revenues. This represents year-over-year growth rates of 20.1% and 15.2% respectively. The spotlight is on the company’s Azure cloud services and AI-related capital expenditures, which are expected to hit a staggering $99 billion this fiscal year.
Meta Platforms and Tesla’s Forecasts
Meanwhile, Meta Platforms is predicting $8.15 per share in earnings on $58.4 billion in revenues, with growth rates of 1.6% and 20.7% year-over-year. Tesla, also releasing its report today, has investors eagerly watching vehicle deliveries and margins amid the company’s ongoing evolution.
The “Magnificent Seven” Tech Stocks
The group known as the “Magnificent Seven” tech stocks have faced challenges recently, underperforming the broader market over the past year. However, Q4 earnings for this group are anticipated to rise by 16.9% from the same period last year on 16.6% higher revenues.
Source: CNBC