FMP
Apr 26, 2024 4:01 PM - Davit Kirakosyan
Microsoft (NASDAQ:MSFT) announced its fiscal third-quarter results, surpassing Wall Street predictions, fueled by strong demand for artificial intelligence, which significantly boosted its Azure cloud business performance. As a result, shares of Microsoft surged over 3% intra-day today.
For the quarter ending March 31, the tech giant reported earnings of $2.94 per share on revenues of $61.9 billion. This performance exceeded expectations, with analysts predicting earnings of $2.82 per share on revenues of $60.84 billion.
Azure and other cloud services saw a growth of 31% over the previous year, surpassing the expected 28.6% growth. Notably, approximately 7% of this growth was directly attributable to advancements and integrations in artificial intelligence within their cloud services.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...