Robert123456
2024.10.31 02:59

$Meta Platforms(META.US)Isn't this clearly telling you that the company is embellishing its financial data and preparing for a bomb next quarter's earnings?!!! Last night's earnings reports from tech giants Microsoft and Meta showed strong performance, but future guidance had flaws.

Microsoft's revenue was $65.5 billion, exceeding expectations of $64.5 billion, with a 16% year-over-year growth, surpassing the expected 15%. EPS was $3.3, beating the expected $3.1 billion. The most important segment, Microsoft's cloud business Azure and other cloud services, saw revenue growth of 33%, or 34% excluding currency fluctuations, slightly slower than Q2's 35% but still higher than analysts' expected 30.4%. However, during the earnings call, the company indicated that cloud business growth would continue to slow next quarter, and Microsoft's capital expenditures are still increasing, raising market concerns.

Looking at Meta, revenue was $40.59 billion, up 19% year-over-year, higher than the expected $40.25 billion.

EPS was $6.03, beating the expected $5.25. However, the lower end of next quarter's revenue guidance was below market expectations, and the lower end of the capital expenditure forecast was also higher than market expectations.

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