Microsoft Stock Seesaws On Weak Outlook, Slowing Azure Growth

Software giant Microsoft edged above expectations for earnings in its fiscal second quarter but sales were light. Read More...


Earnings Deluge Begins and a Number of Initial Reports Aren’t Uplifting

As Chris discussed with Todd Campbell on this week’s AAP Podcast, he’ll be watching the new order data and what those numbers have to say about what’s next for both sectors of the economy. Diversified giant 3M missed expectations for its December quarter, issued downside 2023 guidance as it expects macroeconomic challenges to persist, and announced cost-cutting measures, including sacking 2,500 manufacturing jobs. Citing continued weakness in PC land, December quarter results at Logitech International came up short relative to expectations and the company reiterated its 2023 guidance that sees revenue falling 13%-15% in 2023 vs. 2022.

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