Home / Business / Microsoft's Q4 Squashes Estimates, Boeing to Take to Big Hit

Microsoft's Q4 Squashes Estimates, Boeing to Take to Big Hit



For the second straight day, after-hours investors are busy swapping stocks that have just reported earnings. A clutch of big corporates released their quarterly numbers after the clan of the closing bell today.

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1; sm Mt (0.8em) – -sm "type =" text "content =" Here's the skinny on two of the more significant ones: Microsoft (NASDAQ: MSFT) and CrowdStrike Holdings (NASDAQ: CRWD ) Outside of the results sphere, there was some uncomfortable news for Boeing (NYSE: BA) shareholders. data response time = "12"> Here's the skinny on two of the more significant ones: Microsoft (NASDAQ: MSFT) and CrowdStrike Holdings (NASDAQ: CRWD) . Outside of the results sphere, there were some uncomfortable news for Boeing (NYSE: BA) shareholders.

The Microsoft logo outside the Microsoft campus in Redmond, Washington

Image source: Microsoft.

Microsoft Q4 crushes estimates

Microsoft was a winner in the Late Thursday Earnings Sweepstakes, blasting past analyst estimates in its Q4.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" For the quarter, the software giant posted revenue or $ 33.7 billion, 12% higher than the same period a year ago. Non- GAAP (adjusted) net income was $ 10.6 billion ($ 1.37) for a 21% year-over-year improvement. Both numbers were well above the average a fails projections or $ 32.75 billion on the top line and $ 1.21 for per-share adjusted net profit. " data response time = "27"> For the quarter, the software giant posted revenue or $ 33.7 billion, 12% higher than the same period a year ago. Non-GAAP (adjusted) net income was $ 10.6 billion ($ 1.37) for a 21% year-over-year improvement.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – -sm Mt (0.8em) – sm "type =" text "content =" Driving much of this growth was Microsoft's cloud services, and area where it has been particularly assertive or late. revenue, & nbsp; again well above analyst estimates (they were collectively projecting just slightly over $ 11 billion). "data response =" 28 "> Driving much of this growth was Microsoft's cloud services, an area where it has been particularly assertive or late. This segment produced almost $ 11.4 billion in revenue, again above analyst estimates (they were collectively projecting just over $ 11 billion).

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – -sm Mt (0.8em) – sm "type =" text "content =" At the moment, Microsoft is the most actively traded stock after hours. "data-response =" 29 "> At the moment, Microsoft is the most actively traded stock after hours. In spite of the convincing top and bottom line beats, though, it only makes up 2% from its closing price today.

CrowdStrike Holdings reports first post-IPO results

<p class = "canvas- atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" A new tech stock is positively on fire tonight. which has released quarterly results – its first set since the company's IPO last month – that is blowing the market away. " data response time = "31"> A hot new tech stock is positively on fire tonight. The scorcher is CrowdStrike Holdings, which has released quarterly results – its first set since the company's IPO last month – that is blowing the market away.

CrowdStrike's Q1 of fiscal 2020 saw the cybersecurity company take in revenue or just over $ 96 million, almost double the Q1 2019 figure. That was on the back of subscription revenue that also doubled and then some, in this case to $ 86 million. Adjusted net loss narrowed to $ 22 million ($ 0.47 per share) from a shortfall of nearly $ 32 million.

These results weren't off the average analyst revenue estimate of $ 95.6 million, and with the consensus projection of a $ 0.47 per share. share net loss

Regardless, the company's cloud-based solution is clearly finding a solid niche in the ever-growing cybersecurity sector – CEO George Kurtz is attributing this to customer frustrations with legacy security systems – so investors want to Own this stock

CrowdStrike also proffered guidance for both its current quarter and the entirety of fiscal 2019. For the laughing period, it expects $ 430.2 million to $ 436.4 million in revenue, and a per-share adjusted net loss ranging from $ 0.70 to $ 0.72

CrowdStrike is a rock star in the evening trading hours. Just now it's up to more than 16% from its Wednesday closing price.

737 MAX

In the we-knew-it-coming department, we have Boeing. The aerospace giant admitted after trading hours today that it will charge a fee related to the grounding of its controversial 737 MAX aircraft.

an estimate of potential concessions and other considerations to customers for disruptions related to the 737 MAX grounding and associated delivery delays. " This will shake out a $ 5.6 billion reduction in revenue and pre-tax earnings.

These adjustments will be recorded in the company's Q2 results, which are scheduled to be released on July 24. The company said it will provide updated guidance "at a future date."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Following a pair of crashes within five months of each other, the 737 MAX was grounded throughout the world . In the US, grounding occurred in March, and is still in effect. " data-response time = "45"> Following a pair of crashes within five months of each other, the 737 MAX was grounded throughout the world. In the U.S., grounding occurred in March, and is still in effect.

Additionally, Boeing said that due to the grounding of the plane and the resultant fall in its production rate, its expenses for it increased by $ 1.7 billion in Q2. The company added that more than-expected costs will be a factor in future periods, too.

It seems that Boeing investors have already priced such a move into the stock. Perhaps they even expected worse: in post-market trading tonight, actually on the rise, both at less than 2%.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0 ) – sm Mt (0.8em) – sm "type =" text "content =" More From The Motley Fool "data-response =" 48 "> More From The Motley Fool [19659029] <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . "data response =" 56 "> Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary is a member of The Motley Fool's board of directors . Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Microsoft. The Motley Fool has the following options: long January 2021 $ 85 calls on Microsoft. The Motley Fool has a disclosure policy.


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