What was so bad about Microsoft's $MSFT results that the stock price is falling in the premarket?
I've only found so far:
EPS of $2.69 beating expectations of $2.54
Revenue of $56.2B beating expectations of $55.4B
That doesn't sound too bad to me, but it's a sketchy picture, I haven't gotten to the results properly yet.
A community member's personal view, not investment advice. Community Guidelines
Microsoft's fiscal quarter earnings revealed a gradual decline in Azure cloud revenue growth that overshadowed quarterly gains. Microsoft reported year-over-year revenue growth from Azure and other cloud services of 26% for the fourth quarter, down 1 percentage point from the previous quarter.
I wouldn't expect the market to react that way at all. Why is Microsoft announcing 4Q results and not 2Q like other companies?
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