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Microsoft shares drop as cloud miss overshadows better-than-expected revenue and earnings

Microsoft CEO Satya Nadella speaks during the Microsoft Build conference at Seattle Convention Center Summit Building in Seattle, Washington, on May 21, 2024. Jason Redmond | Afp | Getty ImagesMicrosoft shares fell 7% in extended trading on Tuesday as investors looked past better-than-expected earnings and revenue and focused instead on disappointing cloud results.Here's how the company did, compared with the LSEG consensus:Earnings per share: $2.95 vs. $2.93 expectedRevenue: $64.73 billion vs. ...

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