Microsoft growth likely slowed last quarter as economic concerns cooled corporate demand for its software and cloud services. The software giant’s revenue growth is expected to slow to 3% in the three months through March compared with a year earlier, according to analysts surveyed by FactSet. Analysts on average predicted the company would announce sales of $51.02 billion and a net income of $16.69 billion for the period. Read More...
Verizon Misses Q1 Revenue Expectations, FY23 EPS Outlook Lags
Verizon Communications Inc (NYSE: VZ) reported a first-quarter FY23 sales decline of 1.9% year-on-year to $32.9 billion, missing the consensus of $33.6 billion. Adjusted EPS of $1.20 was in line with the consensus. Total wireless service revenue was $18.9 billion, up 3% Y/Y, reflecting the company’s ownership of TracFone, premium Unlimited strategy, and pricing actions. Postpaid phone net losses were 127,000, and retail postpaid net additions were 633,000. The quarter marked 437,000 total broadb