Microsoft and Meta shares fall in Frankfurt despite earnings beat

• 5opn1
• October 31, 2024
• Information technology
• Microsoft and Meta
• 0 Comments

Frankfurt-listed shares in Microsoft (MSFT.O), opens new tab and Meta (META.O), opens new tab both fell in early trading on Thursday, even as earnings at the two U.S. tech groups beat Wall Street expectations.
Microsoft predicted slower growth in its cloud business Azure and Facebook owner Meta warned of “significant acceleration” in artificial intelligence-related infrastructure expenses next year.
By 0711 GMT, Microsoft shares were down 5.1% in Frankfurt and Meta slipped 2.6%. As a result, Nasdaq futures dropped over 1%.