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00:02Microsoft's shares surged in pre-market trading, while Meta fell after investors reacted very
00:07differently to the company's latest earnings reports, according to CNBC. Microsoft reported
00:13fiscal fourth quarter revenue above analyst estimates, Azure cloud growth of 43% and more
00:18than 30 million paid Microsoft 365 co-pilot seats, up from more than 20 million in April.
00:24The company reaffirmed its 2026 capital spending forecast and signaled higher spending in 2027.
00:31The stock gained 8% in extended trading Wednesday, but remains down about 24% this year.
00:37Meta missed earnings expectations and issued weaker-than-expected revenue guidance for the
00:42current quarter. Free cash flow fell 91% year-over-year to $784 million as AI spending continued.
00:50CEO Mark Zuckerberg said, Meta has received offers to lease excess computing capacity,
00:56but provided few details, while analysts said the company's AI strategy remains uncertain.
01:02Meta shares fell in extended trading Wednesday and are down about 16% this year.
01:06For all things money, visit Benzinga.com.
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