Submitted by eichenes t3_10klegt in wallstreetbets
The earning call from MSFT was a rude awakening for bulls, the market is reacting accordingly AH.
The fake rally had to end & needed a catalyst, MSFT is the most diverse tech company, if they struggle, the rest will be in deep shit. They said ads, consumer and enterprise spending are down the shitter.
Just some brain farts, not advice or anything close to it!
Edit: Some of you are truly regarded, no they didn't beat any expectations, they missed & gave poor guidance for the entire industry. That's why they went from 4.5% up after hours to 1.5% down & took QQQ with them.
EPS (USD)
Expected 2.31 Reported 2.20 Surprise -4.67%
Revenue (USD)
Expected 53.16B Reported 52.75B Surprise -0.77%