Microsoft's Q4 Squashes Estimates, Boeing to take a big hit
For the second straight day afterwards, investors are concerned with exchanging shares that have just reported earnings. A link of large companies published quarterly numbers after the sound of closing clock today.
<p class = "canvas-textile-textile Mb (1.0em) Mb (0) ̵[ads1]1; sm Mt (0.8em) – Microsoft (NASDAQ: MSFT) and CrowdStrike Holdings (NASDAQ: CRWD) This is the skinny one of two of the most significant ones . Outside the performance bubble, there were some unpleasant news for Boeing (NYSE: BA) shareholders. " (NASDAQ: MSFT) and CrowdStrike Holdings (NASDAQ: CRWD) ]. Outside the result, there was some unpleasant news for Boeing (NYSE: BA) shareholders.
Microsoft logo outside a building on the Microsoft campus in Redmond, Washington.
Image Source: Microsoft.
Microsoft Q4 crushes estimates
Microsoft was a winner in Thursday's profits Sweepstakes, blasting past analyst estimates in the fourth quarter.
<p class = "canvas-text-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "For the quarter, the software giant recorded revenue of 33.7 billion USD, 12% higher than the same period a year ago. Non- GAAP (adjusted) net income was $ 10.6 billion ($ 1.37) for a 21% improvement over the previous year. the figures were well above average forecasts of $ 32.75 billion on the top line and $ 1.21 for adjusted net earnings per share. "data-response time =" 27 "> For the quarter, the software giant provided revenue of 33, $ 7 billion, 12% higher than the same period a year ago. Non-GAAP (adjusted) net income was $ 10.6 billion ($ 1.37) for a 21% improvement over the previous year. Both figures were well above average analyst forecasts of $ 32.75 billion at the top line and $ 1.21 for adjusted net earnings per share.
<p class = "canvas-textile-textile Mb (1.0em) Mb (0) – -M Mt (0.8em) – sm" type = "text" content = " Driving much of this growth was Microsoft's shooting services, an area that has been particularly late late, this segment produced nearly $ 11.4 billion in revenue, and again well above the analytics estimates (totaling just over $ 11 billion). "data response = "28"> Driving much of this growth was Microsoft's shooting services, an area where it has been particularly confident of late. This segment produced nearly $ 11.4 billion in revenue, again well above the analyst estimates (overall, projecting just over $ 11 billion).
<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – -sm Mt (0.8em) – sm" type = "text" content = " Currently, Microsoft is the most traded The stock market by hours. Despite convincing top and bottom line magazines, though, it is only 2% from the closing price today. "data-reactid =" 29 "> Currently, Microsoft is the most traded stock market after hours . Despite the convincing top and bottom lines, it is only 2% from the closing price today.
CrowdStrike Holdings first reports after IPO results
<p class = "canvas- atomic text-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "A hot new technology warehouse is positive on fire tonight. Scorcher is CrowdStrike Holdings, which has released quarterly results – its first seen since the company's IPO last month – blowing the market away." reactid = "31"> A hot new technology warehouse is positive on fire tonight. Scorcher is CrowdStrike Holdings, which has released quarterly results – the first set since the company's IPO last month – blowing the market away.
CrowdStrik's first quarter of fiscal 2020, cyber security firm received a little over $ 96 million, almost doubled in the first quarter of 2019. It was on the back of the subscription revenue that also doubled and some, in this case, to $ 86 million. Adjusted net loss reduced to $ 22 million ($ 0.47 per share) from a loss of nearly $ 32 million.
These results were not far from the average analyst revenue estimate of $ 95.6 million, and met the consensus projection of a $ 0.47 per share net profit.
Nevertheless, the company's cloud-based solution is clearly finding a solid niche in the ever-growing cyber security sector. CEO George Kurtz assigns this in part to customers' frustrations with older security systems, so investors will own this stock.
CrowdStrike also provided guidance for both the current quarter and the entire financial year 2019. For the latter period, it expects $ 430.2 million to $ 436.4 million in revenue, and an adjusted net loss on shares from $ 0.70 to $ 0.72.
CrowdStrike stock is a rock star in tonight's trading time. Only now is it up by more than 16% from Wednesday's closing price.
Boeing to book a 737 MAX fee
In the we-sure-coming department, we have Boeing. The aviation giant admitted after the trading days today that it will order a hefty cost related to the basis of the controversial 737 MAX aircraft.
This will be an after-tax of $ 4.9 billion related to the Boeing calling "an estimate of potential concessions and other concerns of customers for interference related to 737 MAX grounding and related delivery delays." Boeing said that This will happen in a $ 5.6 billion reduction in pre-tax revenue and revenue.
These adjustments will be recorded in the company's Q2 results, scheduled to be released on July 24. The company said it will provide updated guidance "on a future date." It did not become more specific.
<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "After a couple of crashes within five months of each other, 737 MAX grounded worldwide . In the United States, the grounding occurred in March, and remains in force. "Data-response time =" 45 "> After a couple of breakdowns within five months of each other, 737 MAX was grounded over worldwide. In the United States, the ground originated in March and is still in force.
In addition, Boeing said that due to the grounding of the aircraft and the resulting fall in production speed, it increased by $ 1.7 billion in the second quarter. The company added that higher than expected costs will be a factor in future periods as well.
It seems that Boeing investors have already priced such a move in the shares. Perhaps they expected even worse: In the aftermarket trade tonight, Boeing's shares actually increase by less than 2%.
<p class = "canvas-textile textile Mb (1.0em) Mb (0)) – sm Mt (0.8em) – sm" type = "text" content = " More from The Motley Fool "data-response time =" 48 "> More from The Motley Fool [19659029] <p class =" canvas-atom lerrettekst Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm " type = "text" content = " Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fools Board of Directors. Eric Volkman has no position in any of the aforementioned shares. Motley Fool owns and recommends Microsoft shares The following options: long January 2021 $ 85 calls on Microsoft Motley Fool has a disclosure policy . "data-response time =" 56 "> Teresa Kersten , a LinkedIn employee, a Microsoft subsidiary, is a member of The Motley Fools Board. Eric Volkman has no position in any of the aforementioned shares. Motley Fool owns shares and recommends Microsoft. Motley Fool has the following options: long January 2021 $ 85 calls on Microsoft. Motley Fool has a disclosure policy.
