Microsoft's stock has worst day in two years after disappointing forecast
Publishing timestamp: 2024-10-31 17:51:03
Summary
Microsoft shares fell more than 6% after guidance fell short of estimates, despite better-than-expected earnings report. Revenue increased 16% but forecast for current period disappointed investors. Cloud infrastructure business, Azure, saw 33% growth. AI investments continue to be focus. Shares up 8% for year.
Sentiment: MIXED
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