Microsoft beats revenue forecasts but poor performance of cloud services drags share price | Microsoft
Microsoft beat analysts’ expectations in its latest quarterly earnings report, reporting a 15% increase in revenue year over year on Tuesday. But growth in the company’s flagship cloud-computing service, Azure, fell short of expectations, sending Microsoft shares down as much as 7% in after-hours trading. The company was expected to report solid growth in its […]
Coca-Cola raises annual sales, profit forecasts on steady demand
Gargi Chaudhuri, Chief Investment and Portfolio Strategist at BlackRock, discusses the value rally and earnings growth potential of small-cap stocks on “The Craman Countdown.” Coca-Cola on Tuesday raised its full-year organic sales and profit outlook, signaling that consumers, mainly in international markets, are willing to spend more for the company’s higher-priced sodas, energy drinks and […]
US retail sales unchanged in June, beating forecasts for slight drop
Ironside Macroeconomics Managing Partner Barry Knapp speaks about “The Age of Financialization” during Unbreakable Investor’s “Making Money” town hall. U.S. retail sales were flat in June, signaling a strong underlying trend that could boost second-quarter economic growth forecasts. The Commerce Department’s Census Bureau said Tuesday that retail sales last month were flat, following an upwardly […]