Alphabet and Microsoft beat on earnings.

<p>Alphabet Inc (GOOGL):</p><p>Alphabet Inc's Q2 2023 performance surpassed expectations, with </p><ul><li>Earnings per share (EPS) coming in at $1.44, ten cents higher than the forecasted $1.34. </li><li>Revenue, too, outstripped predictions at $74.6 billion versus an expected $72.82 billion. </li></ul><p>Alphabet's robust financial performance has triggered a positive market response, with the company's shares trading up $5.79 in after-hours trading or 4.85%</p><p>Microsoft Corp (MSFT):</p><p>Microsoft's Q4 2023 financial results also exceeded expectations across the board. </p><ul><li>EPS reached $2.69, higher than the anticipated $2.55. </li><li>Total revenue came in at $56.2 billion, surpassing the predicted $55.47 billion. </li></ul><p>Drilling down into the revenue breakdown, the </p><ul><li>Productivity and Business Processes segment posted $18.29 billion, </li><li>Intelligent Cloud registered $23.99 billion, and </li><li>More Personal Computing noted $13.91 billion, all marginally higher than expected.</li></ul><p>Key Metrics:</p><p>Microsoft's operating income for the quarter also outperformed the forecasted amount, reaching $24.25 billion compared to the expected $23.28 billion. Interestingly, the company's Capital Expenditure (CapEx) was higher than anticipated, coming in at $8.94 billion against the predicted $7.85 billion, indicating a strategic investment in its infrastructure and capabilities. Further guidance regarding these results and the company's forward-looking strategy is expected to be provided in the earnings call.</p><p>Microsoft shares – despite the beat – are trading down $3 or -0.89% at $347.75</p><p>Meanwhile, Visa and Texas Instruments also reported earnings:</p><p>Visa Inc (V):</p><ul><li>Earnings Per Share (EPS) for Q3 2023: $2.16, which was better than the expected $2.12.</li><li>Revenue for Q3 2023: $8.1 billion, also better than the expected $8.06 billion.</li></ul><p>Visa shares are trading down $0.08 or -0.03% at $238.61</p><p>Texas Instruments Inc (TXN):</p><ul><li>Earnings Per Share (EPS) for Q2 2023: $1.87, exceeding the expected $1.76.</li><li>Revenue for Q2 2023: $4.53 billion, which was higher than the expected $4.36 billion.</li></ul><p>Texas instrument shares are trading down $-4.82 or -2.59% at $1081.26</p>

This article was written by Greg Michalowski at www.forexlive.com.