Earnings after the close include Microsoft, Alphabet, and Intel.
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Microsoft: Shares of Microsoft are trading down $-9.96 or -2.43% at $398.96
- Earnings per Share: Analysts expect $2.82 per share.
- Revenue: Expected to be $60.80 billion, which would represent a 15.0% year-over-year growth. This is slightly above the 14.5% growth forecast provided by management in January.
Other key insights include:
- PC Shipments: A 0.9% increase in PC shipments this quarter, influencing the sales of Windows licenses to PC makers.
- Azure Cloud Services: Growth is expected to slow down to 28.8% from 30% in the previous quarter, with a consensus around 28.6%.
- New Developments: Microsoft introduced Surface PCs with a special key for accessing the Copilot chatbot and started selling access to Copilot for small businesses through Microsoft 365 subscriptions.
Both the shares of Microsoft and the S&P index are up about 6% on the year.
Alphabet: Shares of Alphabet are currently trading down $3.04 -1.90% at $156.11
- Revenue (excluding traffic acquisition costs): Expected to be $66.07 billion, up from $58.07 billion in Q1 2023.
- Adjusted EPS: Expected to be $1.51, up from $1.17 in Q1 2023.
- Cloud Revenue: Expected to be $9.37 billion, up from $7.45 billion in Q1 2023.
- Ad Revenue: Expected to be $60.18 billion, up from $54.55 billion in Q1 2023.
Intel: Shares of Intel I trading up $0.73 or 2.13% at $35.23
- Earnings per Share (EPS): Expected to be $0.13, up from a loss of $0.04 per share in the same quarter last year. The earnings last quarter were at $0.62
- Revenue: Expected to be $12.7 billion, an increase from $11.7 billion in the same quarter last year. Last quarter, revenues were at $15.406B