US: Weekly Earnings Summary Oct 31
Last week, the NASDAQ-100 index fell by 3.04% as the earnings season gathered pace. The results painted a mixed picture of the market: while some tech giants stumbled over high costs and cautious forecasts, the healthcare and semiconductor sectors showed remarkable strength.
MSFTMicrosoft (MSFT)
Microsoft's growth accelerated, with operating profit increasing by 20.9%, supported by a continued strong cloud business. Microsoft Cloud segment revenue grew by 30%, driven by a 43% jump in Azure. Despite strong results and guidance, the stock ended the week almost unchanged, falling by 0.5%.
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