U.S. stock futures surge after Microsoft and Meta report strong earnings

Both Microsoft and Meta reported impressive earnings, propelling stock futures upward as concerns grow over a potential U.S. recession amidst economic contraction.

Sources:
CNBCFinanceCnbc+8
Updated 28m ago
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Result

Tech giants report impressive earnings, signaling market strength

Microsoft revenue
$70.07 billion
CNBC
Microsoft EPS
$3.46
CNBC
Meta net income
$16.64 billion
Year-over-year growth in net income
35%
Microsoft net income
$25.8 billion
Forbes
Year-over-year sales increase
13%
Forbes
Year-over-year profit jump
18%
Forbes
Key Facts
  • Meta's net income surged to $16.64 billion, up 35% from the year earlier, demonstrating strong financial health.Finance
  • Microsoft reported a net profit of $25.8 billion, also reflecting strong year-over-year growth.Aljazeera

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Future Forecast

Meta forecasts strong revenue in the upcoming quarter

Meta revenue forecast range
$42.5 billion to $45.5 billion
Abcnews
Key Facts
  • Meta is projecting revenue growth for the current quarter, estimating between $42.5 billion and $45.5 billion.Abcnews
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Background Context

Market enthusiasm fueled by strong tech earnings

We’ve had a strong start to an important year, our community continues to grow and our business is performing very well.
Mark Zuckerberg
CEO
Abcnews
Key Facts
  • On Monday, U.S. stock futures rose, reflecting investor optimism in the wake of glowing earnings reports from major tech firms like Microsoft and Meta.CNBC
  • Microsoft exceeded expectations with a $70.07 billion revenue and $3.46 earnings per share, marking significant growth and influencing stock price positively.CNBC
  • Meta reported strong financials with revenue of $42.31 billion, marking a 16% year-over-year increase.Finance

Other Facts in these Reports

Stock Futures rise sharply as investors react to tech earnings amidst concerns over economic performance.
Cnbctv18
U.S. GDP growth is forecasted at +0.2% for the first quarter, raising recession fears.
Economic uncertainty persists due to projections of tariffs affecting the advertising market.
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