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Irish Times
31-07-2025
- Business
- Irish Times
Microsoft hits $4 trillion value after earnings
Microsoft has become the second company in the world to reach a $4 trillion (€3.5 trillion) market capitalisation after reporting quarterly earnings that beat Wall Street's expectations, sending the stock soaring in premarket Thursday. Shares of the technology behemoth jumped as much as 8.2 per cent in early trading in New York, pushing its market value to $4.1 trillion. Nvidia became the first company to hit the milestone earlier this month. 'Microsoft is getting the recognition that it deserves because it is the operating system for business. All of us run our businesses on Microsoft with Word, with Outlook, with Excel,' said Kim Forrest, chief investment officer at Bokeh Capital Partners. 'This quarter's results point to an even better position for Microsoft because, like Nvidia, there appear to be no substitutes.' The company's latest results confirmed that it's a leader in the artificial intelligence boom that's lifted megacap tech stocks, and the broader market, for the last few years. Microsoft reported better-than-expected growth in its cloud business, and its closely-watched Azure cloud-computing unit posted a 39 per cent rise in sales, handily beating the 34 per cent analysts expected. On a call with analysts, chief financial officer Amy Hood said Microsoft expects fiscal first quarter capital expenditures at more than $30 billion, and full year revenue growth in the double digits. In addition, Azure is expected to post a 37 per cent growth rate in the first quarter, above forecasts. Investors are welcoming outsize spending on AI infrastructure. Meta Platforms also lifted the low end of its forecast for 2025 capital expenditures and provided an early steer on 2026 spending. Shares in the Facebook-owner rallied as much as 13 per cent, adding more than $223 billion to the social media giant's market cap – if gains hold, this would be its biggest single-day market value addition ever. The stocks are the second and third-best performers among the so-called Magnificent Seven mega tech stocks this year. Since its April 8 trough when President Donald Trump's sweeping tariff threats spurred a broader market sell-off, the stocks surged more than 50 per cent and are trading at record highs. This year has marked something of a rebound for Microsoft stock. It had lagged its peers in 2024 and the first quarter of 2025, the only Magnificent Seven stock in the red for that period, as investors grew concerned about its AI position and Azure growth. Wall Street is largely bullish on Microsoft shares, with 68 of the 72 analysts covering the company giving it a buy rating and one giving it a sell, according to data compiled by Bloomberg. – Bloomberg
Yahoo
31-07-2025
- Business
- Yahoo
Microsoft Hits $4 Trillion Market Cap After Earnings Beat
(Bloomberg) -- Microsoft Corp. has become the second company in the world to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street's expectations, sending the stock soaring in premarket Thursday. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival We Should All Be Biking Along the Beach Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus Shares of the technology behemoth jumped as much as 8.2% in early trading in New York, pushing its market value to $4.1 trillion. Nvidia Corp. became the first company to hit the milestone earlier this month. 'Microsoft is getting the recognition that it deserves because it is the operating system for business. All of us run our businesses on Microsoft with Word, with Outlook, with Excel,' said Kim Forrest, chief investment officer at Bokeh Capital Partners LLC. 'This quarter's results point to an even better position for Microsoft because, like Nvidia, there appear to be no substitutes.' The company's latest results confirmed that it's a leader in the artificial intelligence boom that's lifted megacap tech stocks, and the broader market, for the last few years. Microsoft reported better-than-expected growth in its cloud business, and its closely-watched Azure cloud-computing unit posted a 39% rise in sales, handily beating the 34% analysts expected. On a call with analysts, Chief Financial Officer Amy Hood said Microsoft expects fiscal first quarter capital expenditures at more than $30 billion, and full year revenue growth in the double digits. In addition, Azure is expected to post a 37% growth rate in the first quarter, above forecasts. Investors are welcoming outsized spending on AI infrastructure. Meta Platforms Inc. also lifted the low end of its forecast for 2025 capital expenditures and provided an early steer on 2026 spending. Shares in the Facebook-owner rallied as much as 13%, adding more than $223 billion to the social media giant's market cap — if gains hold, this would be its biggest single-day market value addition ever. The stocks are the second and third-best performers among the so-called Magnificent Seven mega tech stocks this year. Since its April 8 trough when President Donald Trump's sweeping tariff threats spurred a broader market selloff, the stocks surged more than 50% and are trading at record highs. This year has marked something of a rebound for Microsoft stock. It had lagged its peers in 2024 and the first quarter of 2025, the only Magnificent Seven stock in the red for that period, as investors grew concerned about its AI position and Azure growth. Wall Street is largely bullish on Microsoft shares, with 68 of the 72 analysts covering the company giving it a buy rating and one giving it a sell, according to data compiled by Bloomberg. (Updates chart and stock moves in second paragraph, adds details in seventh.) Russia Builds a New Web Around Kremlin's Handpicked Super App Burning Man Is Burning Through Cash Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-07-2025
- Business
- Yahoo
Microsoft Hits $4 Trillion Market Cap After Earnings Beat
(Bloomberg) -- Microsoft Corp. has become the second company in the world to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street's expectations, sending the stock soaring in premarket Thursday. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival Budapest's Most Historic Site Gets a Controversial Rebuild We Should All Be Biking Along the Beach San Francisco in Talks With Vanderbilt for Downtown Campus Shares of the technology behemoth jumped as much as 8.2% in early trading in New York, pushing its market value to $4.1 trillion. Nvidia Corp. became the first company to hit the milestone earlier this month. 'Microsoft is getting the recognition that it deserves because it is the operating system for business. All of us run our businesses on Microsoft with Word, with Outlook, with Excel,' said Kim Forrest, chief investment officer at Bokeh Capital Partners LLC. 'This quarter's results point to an even better position for Microsoft because, like Nvidia, there appear to be no substitutes.' The company's latest results confirmed that it's a leader in the artificial intelligence boom that's lifted megacap tech stocks, and the broader market, for the last few years. Microsoft reported better-than-expected growth in its cloud business, and its closely-watched Azure cloud-computing unit posted a 39% rise in sales, handily beating the 34% analysts expected. On a call with analysts, Chief Financial Officer Amy Hood said Microsoft expects fiscal first quarter capital expenditures at more than $30 billion, and full year revenue growth in the double digits. In addition, Azure is expected to post a 37% growth rate in the first quarter, above forecasts. The stock is the third-best performer among the so-called Magnificent Seven mega tech stocks this year. Since its April 8 trough when President Donald Trump's sweeping tariff threats spurred a broader market selloff, the stock surged nearly 53% to and is trading at a record high. This year has marked something of a rebound for Microsoft stock. It had lagged its peers in 2024 and the first quarter of 2025, the only Magnificent Seven stock in the red for that period, as investors grew concerned about its AI position and Azure growth. Wall Street is largely bullish on Microsoft shares, with 68 of the 72 analysts covering the company giving it a buy rating and one giving it a sell, according to data compiled by Bloomberg. The average 12-month price target of $602 implies upside of about 11%. --With assistance from Subrat Patnaik. (Updates chart and stock moves in second paragraph, adds details in paragraph seven) Russia Builds a New Web Around Kremlin's Handpicked Super App Burning Man Is Burning Through Cash Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
31-07-2025
- Business
- Yahoo
Parent company of Charmin and Tide brands to raise prices on other products due to tariff pressure
Procter & Gamble on Tuesday said it will raise prices on some products sold in the U.S. as it deals with uncertainty over tariffs and also undergoes a leadership transition. Economic volatility and "consumer anxiety" related to President Donald Trump's tariff policies and immigration crackdown have led consumers to rein in their spending to provide a buffer in their budget, the company's executives told analysts on a post-earnings call. P&G said it plans to raise prices on about a quarter of its products in the U.S. in the single-digit range starting this month. The company said that the strength of its pantry staples like Charmin toilet paper and Dawn dish soap, as well as demand for new products like the Tide Evo laundry detergent tile, have given it room to raise prices to offset about $1 billion in cost increases associated with tariffs. July Tariff Revenues Break Monthly Record, With $150B Collected So Far In 2025 "We believe that customers will still pay up for these products," said Kim Forrest, chief investment officer at Bokeh Capital Partners. "During soft economic times, consumers made trade down but P&G has many products that people are willing to pay up for, regardless of tariffs or a slow economy." Read On The Fox Business App Some imported goods that P&G is paying tariffs on include psyllium fiber from India for use in Metamucil, along with oils sourced from tropical regions, a company spokesperson said in a report by Reuters. From Bourbon To Bordeaux: Trump's Tariffs Spill Into Global Booze Markets P&G said that it's also trying to drive growth in areas where it has lost ground, including its Luvs value-priced diapers and Olay skincare, said CFO Andre Schulten. "The consumer clearly is more selective in terms of shopping behavior in our categories and we see a desire to find value either by going into larger pack sizes in the club channel or online or big-box retailers or by lowering the cash outlay," Schulten said. Wine And Spirits Industry Left On Ice As Sector Overlooked In Eu-us Trade Negotiations The company's annual forecasts were below analysts' estimates, projecting net sales growth between 1% and 5%, which was below analysts' estimate of 3.09% growth, according to data compiled by LSEG. "There is a level of baseline uncertainty that we reflect in the guidance range," said outgoing CEO Jon Moeller. "To the extent that people are frustrated with the lack of certainty, and the breadth of the range, trust me, there's no one more frustrated with that than I." Proctor & Gamble on Monday named company insider Shailesh Jejurikar as its new CEO. Reuters contributed to this article source: Parent company of Charmin and Tide brands to raise prices on other products due to tariff pressure Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
31-07-2025
- Business
- South China Morning Post
Microsoft nears US$4 trillion market cap as earnings beat expectations
Microsoft is set to become the second company in the world to reach a US$4 trillion market capitalisation after reporting quarterly earnings that beat Wall Street's expectations, sending the stock soaring in extended trading Wednesday. Shares of the technology behemoth jumped as much as 9 per cent to more than US$560 in late New York trading, and if even a portion of the gain holds through Thursday's market open, Microsoft will reach a market value of US$4 trillion. 'Microsoft is getting the recognition that it deserves because it is the operating system for business. All of us run our businesses on Microsoft with Word, with Outlook, with Excel,' said Kim Forrest, chief investment officer at Bokeh Capital Partners. 'This quarter's results point to an even better position for Microsoft because, like Nvidia, there appear to be no substitutes.' The company's latest results confirm that it is a leader in the artificial intelligence boom that has lifted megacap tech stocks, and the broader market, for the last few years.
