Microsoft (MSFT) late Wednesday beat Wall Street’s targets for its fiscal second quarter thanks to its booming artificial intelligence business. But Microsoft stock fell in extended trading on decelerating growth in its Azure cloud infrastructure unit. Microsoft also guided below views for revenue in the current quarter. The software giant earned $3.23 a share on…
Microsoft (MSFT) late Wednesday topped Wall Street’s targets for the software giant’s fiscal first quarter on strong cloud computing business. However, Microsoft stock fell in extended trading after the company guided below views for sales in the current quarter. The Redmond, Wash.-based company earned $3.30 a share on sales of $65.6 billion in the quarter…
Wall Street analysts Tuesday clashed on Microsoft‘s (MSFT) prospects ahead of the software giant’s September-quarter earnings report. One brokerage firm downgraded Microsoft stock to neutral while two others maintained their buy ratings. Oppenheimer analyst Timothy Horan lowered his rating on Microsoft stock to perform, or neutral, from outperform. In a client note, he said the…