Shares of Facebook Inc (NASDAQ:FB) ended Monday session in green amid volatile trading. The shares closed up +0.50 points or 0.39% at $128.77 with 13.16 million shares getting traded. Post opening the session at $128.38, the shares hit an intraday low of $127.80 and an intraday high of $129.09 and the price vacillated in this range throughout the day. The company has a market cap of $370.30 billion and the numbers of outstanding shares have been calculated to be 2.32 billion shares.
Facebook Inc (FB) announced that the company’s third quarter 2016 financial results will be released after market close on Wednesday, November 2, 2016.
Facebook will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Facebook Investor Relations website at investor.fb.com, along with the company’s earnings press release, financial tables, and slide presentation.
Following the call, a replay will be available at the same website. A telephonic replay will be available for one week following the conference call at 404.537.3406 or 855.859.2056, Conference ID: 88580395.
Shares of Microsoft Corporation (NASDAQ:MSFT) ended Monday session in red amid volatile trading. The shares closed down -0.18 points or -0.31% at $57.42 with 19.19 million shares getting traded. Post opening the session at $57.40, the shares hit an intraday low of $57.06 and an intraday high of $57.55 and the price vacillated in this range throughout the day. The company has a market cap of $449.01 billion and the numbers of outstanding shares have been calculated to be 7.79 billion shares.
Reflecting the significant investment Microsoft Corp. is making in cloud computing in Europe, Microsoft CEO Satya Nadella and president Brad Smith on Monday shared new details about how this momentum is taking shape. Nadella stated that Microsoft has more than doubled its cloud capacity in Europe in the past year, noted that the company has invested over $3 billion (USD) across Europe to date, and shared that Microsoft intends to deliver the Microsoft Cloud from datacenters in France, starting in 2017. These new investments in cloud are helping customers — including the UK Ministry of Defence, the Renault-Nissan Alliance, Ireland’s Health Service Executive and ZF from Germany — to innovate in their industries and move their businesses to the cloud while meeting European data sovereignty, security and compliance needs. Furthering its commitment to make the cloud more trusted, responsible and inclusive, Microsoft also released a new book titled “A Cloud for Global Good.” The announcements were made in Dublin this morning as the two leaders began a four-day visit to Europe to meet with business and government leaders.
“We continue to invest heavily in cloud infrastructure to meet the growing demand from European customers and partners,” said Satya Nadella, CEO, Microsoft. “Building a global, trusted, intelligent cloud platform is core to our mission to empower every person and organization on the planet to achieve more. There’s never been a better time for organizations across Europe to seize new growth and opportunity with the Microsoft Cloud.”