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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Stride Inc | NYSE:LRN | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -1.28 | -1.76% | 71.49 | 73.00 | 70.50 | 72.83 | 828,147 | 01:00:00 |
From May 2023 to May 2024
By Ben Glickman
Microsoft saw faster sales growth in the third quarter off the back of stronger sales in its Microsoft Azure cloud business. Its profit rose 27%, ahead of Wall Street's forecasts. Shares rise 4.1%, to $344, after-hours.
Alphabet, the parent company of Google, posted third-quarter profit ahead of Wall Street's estimates, but its cloud-computing segment delivered lackluster results. The company's cloud business saw sales grow 22% in the third quarter, slower than last year's growth and below what analysts were expecting. Shares fall 6.1%, to $131.51, after-hours.
Stride swung to a profit in the fiscal first quarter from a year-ago loss as its revenue rose almost 13%, to $480.2 million. Analysts polled by FactSet were expecting a loss in the period, but the company got a boost from higher education-technology enrollment. Shares rise 12%, to $49.85, after-hours.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
October 24, 2023 20:01 ET (00:01 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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