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Closing Bell: Alphabet Rises on Earnings, Microsoft and Meta Fall

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Manage episode 516378242 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Alphabet (GOOGL) rose as much as 7.5% in extended trading. The company reported quarterly sales that beat analysts’ estimates, buoyed by the performance of its cloud unit, which is growing as artificial intelligence startups seek Google’s support and computing power.

- Microsoft (MSFT) posted earnings, and shares fell about 3% in extended trading after closing at $541.55 in New York. Microsoft reported expansion in its Azure cloud computing unit that failed to impress investors who have grown optimistic about the business.

- Meta (META) reported third-quarter sales of $51.2 billion, which beat analysts’ average estimate of $49.6 billion. Shares fell after the company also reported third-quarter net income of $2.71 billion, which included a one-time, non-cash income tax charge of $15.9 billion due to the implementation of the tax bill signed into law in July.

See omnystudio.com/listener for privacy information.

  continue reading

1179 episodes

Artwork
iconShare
 
Manage episode 516378242 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Alphabet (GOOGL) rose as much as 7.5% in extended trading. The company reported quarterly sales that beat analysts’ estimates, buoyed by the performance of its cloud unit, which is growing as artificial intelligence startups seek Google’s support and computing power.

- Microsoft (MSFT) posted earnings, and shares fell about 3% in extended trading after closing at $541.55 in New York. Microsoft reported expansion in its Azure cloud computing unit that failed to impress investors who have grown optimistic about the business.

- Meta (META) reported third-quarter sales of $51.2 billion, which beat analysts’ average estimate of $49.6 billion. Shares fell after the company also reported third-quarter net income of $2.71 billion, which included a one-time, non-cash income tax charge of $15.9 billion due to the implementation of the tax bill signed into law in July.

See omnystudio.com/listener for privacy information.

  continue reading

1179 episodes

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