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Microsoft Drops, Meta Platforms Rises, Lockheed Martin Soars After Profit Forecast
Description
On this episode of Stock Movers:
- Microsoft (MSFT) shares drop after the software giant’s report featured an underwhelming read on growth in its Azure cloud-computing business. Analysts also noted higher-than-expected expenses.
- Meta Platforms (META) shares rise after the company reported a better-than-expected sales outlook that helped ease Wall Street concerns about plans for unprecedented spending on artificial intelligence this year.
- Lockheed Martin (LMT) shares soared after the maker of missiles and F-35 fighter jets forecasted 2026 earnings above analyst expectations. The company also announced a framework agreement with the Defense Department to quadruple its output of THAAD missile interceptors.
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