Microsoft: The tech company, whose shares are down 11% this year, reported revenue of $51.7 billion and profit of $18.8 billion, driven in part by persistent demand for cloud services.
Investors had hoped that earnings would serve as a welcome distraction from the Fed and would catalyze a turnaround.
The company’s shares are down 14% in premarket trading after it reported a net loss of $423 million for the final three months of last year.
Investor insight: Robinhood’s shares closed Thursday at $11.61, 69% below their IPO price of $38 apiece.