Meta, Microsoft Earnings Beat Lifts Market Sentiment
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Tech giants Meta and Microsoft propelled equity markets higher after surpassing Q1 earnings expectations. Meta shares climbed 5.2% while Microsoft jumped 9% following their earnings releases, signaling renewed investor confidence in big tech.
Meta’s $6.43 EPS and $42.3 billion revenue significantly exceeded projections of $5.25 EPS on $36.4 billion. CEO Mark Zuckerberg emphasized the company’s resilience against macroeconomic headwinds, particularly dismissing concerns about tariff impacts on advertising revenue.
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