00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Microsoft shares rose 8% in extended trading after the company reported strong fiscal fourth
00:07quarter revenue and projected steady capital spending in 2026. The tech giant reported
00:13adjusted earnings of $4.74 per share and revenue of $90.01 billion, topping expectations of $4.24
00:22per share and $87.62 billion. Net income rose to $35.77 billion, or $4.81 per share, aided
00:32by a $3.2 billion gain from its anthropic investment and lower retirement program costs.
00:39Microsoft's shares fell 19% in 2026, underperforming the S&P 500's 7% gain, as investors worried
00:47generative AI could disrupt established software companies. Microsoft expects about $175 billion
00:53in 2026 capital expenditures and finance leases after extending the useful life of certain buildings
00:59and classifying more data center leases as operating leases. Finance chief Amy Hood said capital spending
01:06should grow again in 2027 because of continued demand across Microsoft's businesses.
01:11For all things money, visit Benzinga.com.
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