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Southwest Airlines Rises, Las Vegas Sands Falls, Microsoft Drops on Weak Azure Growth
Description
On this episode of Stock Movers:
- Southwest Airlines (LUV) shares rise after the airline reported adjusted earnings per share of 58 cents for the fourth quarter, compared with the 57 cents analysts expected on average. The company is working to add premium options and has launched assigned seats as part of its strategy to boost profit.
- Las Vegas Sands (LVS) shares fall after after the casino operator reported fourth-quarter results. The print showed that adjusted property Ebitda at a number of the company’s Macao properties — including The Venetian and Londoner — fell short of Wall Street’s expectations.
- 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.
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