Microsoft (NASDAQ: MSFT) reported the results of its fiscal fourth quarter (ended June 30) which blew past expectations on the strength of its cloud computing operation and surge in gaming activity. Revenue of $38 billion grew 13% year over year, easily eclipsing analysts' conse
What happened
Shares of channel-based messaging platform Slack Technologies (NYSE: WORK) fell sharply on Wednesday, declining more than 5% by the time the market closed. The stock's decline came as Slack filed an antitrust complaint against Microsoft (NASDAQ: MSFT) in Europe.
Gold surged and world equity markets slid for most of Wednesday after the United States ordered China to close its consulate in Houston in a sign of worsening bilateral relations, while the euro gained on the European Union's massive recovery fund.
Wall Street ended higher on Wednesday after a see-saw session as investors digested mixed quarterly results and contentious stimulus negotiations in Washington.
The NASDAQ 100 After Hours Indicator is down -29.37 to 10,841.38. The total After hours volume is currently 59,122,632 shares traded.The following are the most active stocks for the after hours session: ImmunoGen, Inc. (IMGN) is unchanged at $4.45, with 4,588,639 shares traded.
Microsoft Corp's flagship cloud computing business Azure reported sales growth of under 50% for the first time ever on Wednesday, sending the tech giant's shares down 3%, even as it beat quarterly revenue estimates.
Microsoft Corp beat quarterly revenue estimates on Wednesday, as the global shift to work from home boosted sales for its cloud service Azure and productivity software suite.
U.S. stock indexes traded mixed and in a narrow range on Wednesday as investors digested mixed quarterly results, stimulus negotiations in Washington and simmering U.S.-China tensions.
The following companies are expected to report earnings after hours on 07/22/2020. Visit our Earnings Calendar for a full list of expected earnings releases.Microsoft Corporation (MSFT) is reporting for the quarter ending June 30, 2020. The computer software company's consensus
The S&P 500 and the Dow advanced on Wednesday as signs of another round of government stimulus for the virus-stricken U.S. economy countered worries over worsening ties between the United States and China.
The Dow Jones Industrial Average (DJINDICES: ^DJI) was up a modest 0.3% by 11:30 a.m. EDT Wednesday, outperforming the other major stock indices. Weighing on the market was a decision by the U.S. to force the closure of a Chinese consulate in Houston that prompted a retaliation
The S&P 500 ticked higher in a choppy session on Wednesday as a boost from Microsoft and optimism about another round of stimulus for the virus-stricken economy countered worries over worsening ties between the United States and China.
What a whirlwind the first half of the year was. Things got off on a steady foot at the beginning of 2020 despite what was (at the time) only a nagging coronavirus outbreak in China.
What a whirlwind the first half of the year was. Things got off on a steady foot at the beginning of 2020 despite what was (at the time) only a nagging coronavirus outbreak in China.
U.S. stocks rose on Wednesday as a boost from technology stocks along with optimism about another round of stimulus for the virus-stricken economy overshadowed worries over a spike in tensions between the United States and China.
Slack Technologies (NYSE: WORK) and Microsoft (NASDAQ: MSFT) appear headed for a showdown. The San Francisco-based software-as-a-service (SaaS) company has gone before the European Commission to file a competition complaint against the software giant.
Microsoft may find itself in EU antitrust regulators' crosshairs yet again after U.S. workspace messaging app Slack Technologies Inc complained about the company embedding its workplace chat and video app Teams in its Office product.