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Major Tech Stocks Rally Post-Earnings
Major technology stocks recovered gains Thursday after Meta and Microsoft reported better-than-forecast quarterly results in extended trading sessions following their after-hours reports.
Company Performance
| Company | Max Gain (After-Hours) | Current Gain |
|---|---|---|
| Microsoft | +7.8% | +9.0% |
| Meta | +5.0% | +5.2% |
Earnings Highlights
Meta Platforms
- EPS: $6.43 vs. $5.25 consensus estimate
- Revenue: $42.3B vs. $36.4B consensus
- Guidance: Increased planned capital expenditure, focusing on AI investments
- Comment from CEO Mark Zuckerberg: “We’re well-positioned to weather macroeconomic uncertainty“
- Minimal tariff mention during earnings call
Microsoft
- EPS: $3.46 vs. $3.22 consensus
- Revenue: $70B vs. $68.4B consensus
- Capital expenditure of $16.7B, slightly exceeding projections
- Tariff mention on earnings call was notably scarce
- Focus on AI investments amid strong earnings beat
Market View
Analysts characterized both earnings reports as “solid,” though tempered by persistent economic headwinds. Market focus now shifts to Amazon and Apple’s scheduled earnings releases later Thursday.
Next-Earnings Calendar
- Today: Amazon & Apple
- May 28: NVIDIA
