BREAKING: US100 gains 1.5% 📈

⚡Nasdaq100 rebounds driven by Microsoft and Alphabet earnings

Futures on Nasdaq 100 (US100) gains almost 1.5% as Big Tech companies Microsoft (MSFT.US) and Alphabet (GOOGL.US) reported stronger than anticipated Q1 earnings. The stock market reacted positively to Microsoft Copilot comments and much higher than expected Alphabet net results.

Microsoft (MSFT.US) - shares are up 5% in after-market

• Microsoft revenue: $61.9B vs $60.9B expected

• Earnings per share (EPS): $2.94 vs $2.84 expected

Microsoft Gaming Q1 (fiscal Q3) gaming revenues were 51% higher YoY (55% from Activision Blizzard)

Xbox content & services revenue came inn 62% higher  YoY (61% from Activision Blizzard) but Xbox hardware sales declined 31% YoY. The company started selling its Copilot AI add-on for small businesses with subscriptions to Microsoft 365 software during Q1

Management will provide guidance on a conference call at 21:30 GMT

Alphabet (GOOGL.US) - shares are up 12% after-market

• Alphabet Q1 revenue:  $80.54B vs $78.7B expected (15% YoY)
• Earnings per share (EPS) $1.89 vs. $1.51 expected and $1.17 in Q1 2023

Alphabet’s Board authorized a repurchase program up to an additional $70.0 billion. The company declared the first ever cash dividend of 0.2% per share. EBIT margin were 47% higher YoY and net income were 57% higher YoY ($23.66B vs $15.05B in Q1 2023).

US100 (M15)

Source: xStation5