Facebook, Microsoft Report

Facebook FB 182.34 -7.42 -3.91% reported first-quarter earnings of $0.85 a share vs estimate of $1.65. Bad news right? Apparently not bad enough to bring the stock down, was up over 10% after market, and currently sits up over 7%. FB set aside $3 billion for legal expenses related to the ongoing U.S. Federal Trade Commission investigation of it’s data practices.

FB revenues came in at $15.08 billion, beating estimates of $14.96 billion. Monthly active users were up 8.2% year over year to 2.375 billion. Daily active users were up 7.8% year over year at 1.56 billion.

Microsoft

Microsoft MSFT 139.84 -0.60 -0.43% reported strong earnings and revenue growth that both surpassed analyst expectations. Earnings of $1.14 per share vs $1.00 expected and revenue of $30.57 billion vs $29.84 billion estimate.

Microsoft’s Azure (their cloud business) grew 73% year over year. After their strong earnings the company went over $1 trillion in value.

The Rest

  • Boeing actual $3.16 on $22.9 B, estimates $3.11 on $23.16 B
  • Caterpillar actual $2.94 on $13.5 B, estimates $2.84 on $13.44 B
  • AT&T actual $0.86 on $44.8 B, estimates $0.85 on $45.09 B
  • Paypal actual $0.78 on $4.1 B, estimates $0.67 on $4.12 B
  • Tesla actual ($2.90) on $4.5 B, estimates ($0.75) on $6.23 B
  • 3M actual $2.23 on $7.9 B, estimates $2.50 on $8.1 B