{"id":66000,"date":"2023-01-25T09:02:36","date_gmt":"2023-01-25T14:02:36","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=66000"},"modified":"2023-01-25T09:02:53","modified_gmt":"2023-01-25T14:02:53","slug":"coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/","title":{"rendered":"Coffee With Greta: Microsoft&#8217;s Gloomy Outlook Weighs On Tech"},"content":{"rendered":"<p><b>DJIA Futures: <\/b><span style=\"font-weight: 400;\">-273 (-0.8%)<\/span><\/p>\n<p><b>SPX Futures: <\/b><span style=\"font-weight: 400;\">-42 (-1.0%)<\/span><\/p>\n<p><b>NASDAQ Futures: <\/b><span style=\"font-weight: 400;\">-194 (-1.6%)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Good morning friends!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Futures are falling as Microsoft\u2019s gloomy forecast drags down the tech sector.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s get right to it!<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Microsoft Drops On Weak Forecast<\/span><\/h2>\n<p><b>Microsoft <\/b><span style=\"font-weight: 400;\">(MSFT) shares are falling 3% ahead of the open after weak guidance overshadows a fiscal Q2 earnings beat.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s how the tech giant\u2019s results compared to analysts\u2019 estimates:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adjusted EPS: $2.32 vs $2.29 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue: $52.75 billion vs $52.94 billion expected<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Total revenue rose just 2% year over year which was the slowest rate since 2016.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Microsoft\u2019s Intelligent Cloud segment brought in $21.51 billion in revenue, up 18% from a year ago and better than analysts\u2019 expectations of $21.44 billion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But executives told analysts on the conference call that they expect the weakening tech environment to continue.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Microsoft said it expects $50.5 billion to $51.5 billion in fiscal Q3 revenue, falling short of estimates for $52.43 billion.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Boeing Slips After Surprise Q4 Loss<\/span><\/h2>\n<p><b>Boeing <\/b><span style=\"font-weight: 400;\">(BA) shares are down 2.6% in premarket trade after reporting an unexpected Q4 loss.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s how the plane maker\u2019s results compared to analysts\u2019 expectations:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adjusted loss per share: $1.26 vs $0.26 EPS expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue: $19.98 billion vs $20.38 billion expected<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The profit loss was caused by supply chain issues which caused higher costs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Boeing\u2019s commercial aircraft unit generated $9.2 billion in Q4 sales, up 94% year over year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company generated $3.1 billion in free-cash flow last quarter, better than expected.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It had $2.3 billion in cash flow for the full-year, the best since 2018.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Boeing reiterated its forecast to generate between $3 billion and $5 billion in free-cash flow this year.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Kimberly-Clark Falls After Q4 Sales Miss<\/span><\/h2>\n<p><b>Kimberly-Clark <\/b><span style=\"font-weight: 400;\">(KMB) shares are down 4% ahead of the open after reporting mixed Q4 results.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s how the consumer goods giant\u2019s results compared to analysts\u2019 expectations:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adjusted EPS: $1.54 vs $1.51 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue: $4.96 billion vs $4.99 billion expected<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The drop in revenue came as sales volume declined 7% but pricing rose 10%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kimberly-Clark forecast sales will be flat to up 2% in 2023 vs analysts\u2019 expectations for 1% growth.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">AT&T Jumps On Earnings Beat<\/span><\/h2>\n<p><b>AT&T <\/b><span style=\"font-weight: 400;\">(T) shares are up 2.4% in premarket trade after beating Q4 profit expectations.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adjusted EPS: $0.61 vs $0.57 expected<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue: $31.3 billion vs $31.4 billion expected<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">AT&T added 656,000 monthly cell phone subscribers in the quarter vs 570,000 expected, bringing the 2022 total to nearly 2.9 million.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company forecast adjusted EPS of $2.35 to $2.45 for the full-year 2023 vs $2.53 expected.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">AT&T is targeting $16 billion or more in free-cash flow this year vs $16.2 billion estimates<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Mortgage Demand Rises As Rates Hit 4-Month Low<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Mortgage demand jumped last week as rates fell for the third week in a row.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Mortgage Bankers Association reported total application volume rose 7% last week.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Purchase applications rose 3% weekly and were down 39% year over year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Refinance applications jumped 15% weekly and were down 77% annually.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The jump came as the average 30-year contract rate fell to 6.2% from 6.23%, the lowest since September.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Key Earnings After The Close<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Here\u2019s a look at the companies set to report earnings after the close today:<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Tesla <\/b><span style=\"font-weight: 400;\">(TSLA)<\/span><\/li>\n<li aria-level=\"1\"><b>IBM <\/b><span style=\"font-weight: 400;\">(IBM)<\/span><\/li>\n<li aria-level=\"1\"><b>ServiceNow <\/b><span style=\"font-weight: 400;\">(NOW)<\/span><\/li>\n<li aria-level=\"1\"><b>Levi Strauss <\/b>(LEVI)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>DJIA Futures: -273 (-0.8%) SPX Futures: -42 (-1.0%) NASDAQ Futures: -194 (-1.6%) Good morning friends! Futures are falling as Microsoft\u2019s gloomy forecast drags down the tech sector.\u00a0 Let\u2019s get right to it! Microsoft Drops On Weak Forecast Microsoft (MSFT) shares are falling 3% ahead of the open after weak guidance overshadows a fiscal Q2 earnings beat.\u00a0 Here\u2019s how the tech giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $2.32 vs $2.29 expected Revenue: $52.75 billion vs $52.94 billion expected Total revenue rose just 2% year over year which was the slowest rate since 2016.\u00a0 Microsoft\u2019s Intelligent Cloud segment brought in $21.51 billion in revenue, up 18% from a year ago and better than analysts\u2019 expectations of $21.44 billion.\u00a0 But executives told analysts on the conference call that they expect the weakening tech environment to continue.\u00a0 Microsoft said it expects $50.5 billion to $51.5 billion in fiscal Q3 revenue, falling short of estimates for $52.43 billion.\u00a0 Boeing Slips After Surprise Q4 Loss Boeing (BA) shares are down 2.6% in premarket trade after reporting an unexpected Q4 loss.\u00a0 Here\u2019s how the plane maker\u2019s results compared to analysts\u2019 expectations:\u00a0 Adjusted loss per share: $1.26 vs $0.26 EPS expected Revenue: $19.98 billion vs $20.38 billion expected The profit loss was caused by supply chain issues which caused higher costs.\u00a0 Boeing\u2019s commercial aircraft unit generated $9.2 billion in Q4 sales, up 94% year over year.\u00a0 The company generated $3.1 billion in free-cash flow last quarter, better than expected.\u00a0 It had $2.3 billion in cash flow for the full-year, the best since 2018.\u00a0 Boeing reiterated its forecast to generate between $3 billion and $5 billion in free-cash flow this year.\u00a0 Kimberly-Clark Falls After Q4 Sales Miss Kimberly-Clark (KMB) shares are down 4% ahead of the open after reporting mixed Q4 results.\u00a0 Here\u2019s how the consumer goods giant\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $1.54 vs $1.51 expected Revenue: $4.96 billion vs $4.99 billion expected The drop in revenue came as sales volume declined 7% but pricing rose 10%.\u00a0 Kimberly-Clark forecast sales will be flat to up 2% in 2023 vs analysts\u2019 expectations for 1% growth. AT&#038;T Jumps On Earnings Beat AT&#038;T (T) shares are up 2.4% in premarket trade after beating Q4 profit expectations.\u00a0 Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates: Adjusted EPS: $0.61 vs $0.57 expected Revenue: $31.3 billion vs $31.4 billion expected AT&#038;T added 656,000 monthly cell phone subscribers in the quarter vs 570,000 expected, bringing the 2022 total to nearly 2.9 million.\u00a0 The company forecast adjusted EPS of $2.35 to $2.45 for the full-year 2023 vs $2.53 expected. AT&#038;T is targeting $16 billion or more in free-cash flow this year vs $16.2 billion estimates Mortgage Demand Rises As Rates Hit 4-Month Low Mortgage demand jumped last week as rates fell for the third week in a row.\u00a0 The Mortgage Bankers Association reported total application volume rose 7% last week.\u00a0 Purchase applications rose 3% weekly and were down 39% year over year.\u00a0 Refinance applications jumped 15% weekly and were down 77% annually.\u00a0 The jump came as the average 30-year contract rate fell to 6.2% from 6.23%, the lowest since September. Key Earnings After The Close Here\u2019s a look at the companies set to report earnings after the close today: Tesla (TSLA) IBM (IBM) ServiceNow (NOW) Levi Strauss (LEVI)<\/p>\n","protected":false},"author":41,"featured_media":66008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-66000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coffee With Greta: Microsoft&#039;s Gloomy Outlook Weighs On Tech - T3 Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coffee With Greta: Microsoft&#039;s Gloomy Outlook Weighs On Tech - T3 Live\" \/>\n<meta property=\"og:description\" content=\"DJIA Futures: -273 (-0.8%) SPX Futures: -42 (-1.0%) NASDAQ Futures: -194 (-1.6%) Good morning friends! Futures are falling as Microsoft\u2019s gloomy forecast drags down the tech sector.\u00a0 Let\u2019s get right to it! Microsoft Drops On Weak Forecast Microsoft (MSFT) shares are falling 3% ahead of the open after weak guidance overshadows a fiscal Q2 earnings beat.\u00a0 Here\u2019s how the tech giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $2.32 vs $2.29 expected Revenue: $52.75 billion vs $52.94 billion expected Total revenue rose just 2% year over year which was the slowest rate since 2016.\u00a0 Microsoft\u2019s Intelligent Cloud segment brought in $21.51 billion in revenue, up 18% from a year ago and better than analysts\u2019 expectations of $21.44 billion.\u00a0 But executives told analysts on the conference call that they expect the weakening tech environment to continue.\u00a0 Microsoft said it expects $50.5 billion to $51.5 billion in fiscal Q3 revenue, falling short of estimates for $52.43 billion.\u00a0 Boeing Slips After Surprise Q4 Loss Boeing (BA) shares are down 2.6% in premarket trade after reporting an unexpected Q4 loss.\u00a0 Here\u2019s how the plane maker\u2019s results compared to analysts\u2019 expectations:\u00a0 Adjusted loss per share: $1.26 vs $0.26 EPS expected Revenue: $19.98 billion vs $20.38 billion expected The profit loss was caused by supply chain issues which caused higher costs.\u00a0 Boeing\u2019s commercial aircraft unit generated $9.2 billion in Q4 sales, up 94% year over year.\u00a0 The company generated $3.1 billion in free-cash flow last quarter, better than expected.\u00a0 It had $2.3 billion in cash flow for the full-year, the best since 2018.\u00a0 Boeing reiterated its forecast to generate between $3 billion and $5 billion in free-cash flow this year.\u00a0 Kimberly-Clark Falls After Q4 Sales Miss Kimberly-Clark (KMB) shares are down 4% ahead of the open after reporting mixed Q4 results.\u00a0 Here\u2019s how the consumer goods giant\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $1.54 vs $1.51 expected Revenue: $4.96 billion vs $4.99 billion expected The drop in revenue came as sales volume declined 7% but pricing rose 10%.\u00a0 Kimberly-Clark forecast sales will be flat to up 2% in 2023 vs analysts\u2019 expectations for 1% growth. AT&amp;T Jumps On Earnings Beat AT&amp;T (T) shares are up 2.4% in premarket trade after beating Q4 profit expectations.\u00a0 Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates: Adjusted EPS: $0.61 vs $0.57 expected Revenue: $31.3 billion vs $31.4 billion expected AT&amp;T added 656,000 monthly cell phone subscribers in the quarter vs 570,000 expected, bringing the 2022 total to nearly 2.9 million.\u00a0 The company forecast adjusted EPS of $2.35 to $2.45 for the full-year 2023 vs $2.53 expected. AT&amp;T is targeting $16 billion or more in free-cash flow this year vs $16.2 billion estimates Mortgage Demand Rises As Rates Hit 4-Month Low Mortgage demand jumped last week as rates fell for the third week in a row.\u00a0 The Mortgage Bankers Association reported total application volume rose 7% last week.\u00a0 Purchase applications rose 3% weekly and were down 39% year over year.\u00a0 Refinance applications jumped 15% weekly and were down 77% annually.\u00a0 The jump came as the average 30-year contract rate fell to 6.2% from 6.23%, the lowest since September. Key Earnings After The Close Here\u2019s a look at the companies set to report earnings after the close today: Tesla (TSLA) IBM (IBM) ServiceNow (NOW) Levi Strauss (LEVI)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/\" \/>\n<meta property=\"og:site_name\" content=\"T3 Live\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-25T14:02:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-25T14:02:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/01\/Microsofts-Gloomy-Outlook-Weighs-On-Tech.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greta Wall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Greta Wall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/\"},\"author\":{\"name\":\"Greta Wall\",\"@id\":\"https:\/\/blog.t3live.com\/#\/schema\/person\/549aa891c00c384118d8a2190d2c7afe\"},\"headline\":\"Coffee With Greta: Microsoft&#8217;s Gloomy Outlook Weighs On Tech\",\"datePublished\":\"2023-01-25T14:02:36+00:00\",\"dateModified\":\"2023-01-25T14:02:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/\"},\"wordCount\":521,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/blog.t3live.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/01\/Microsofts-Gloomy-Outlook-Weighs-On-Tech.jpg\",\"articleSection\":[\"Coffee With Greta\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/\",\"url\":\"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/\",\"name\":\"Coffee With Greta: Microsoft's Gloomy Outlook Weighs On Tech - 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Futures are falling as Microsoft\u2019s gloomy forecast drags down the tech sector.\u00a0 Let\u2019s get right to it! Microsoft Drops On Weak Forecast Microsoft (MSFT) shares are falling 3% ahead of the open after weak guidance overshadows a fiscal Q2 earnings beat.\u00a0 Here\u2019s how the tech giant\u2019s results compared to analysts\u2019 estimates:\u00a0 Adjusted EPS: $2.32 vs $2.29 expected Revenue: $52.75 billion vs $52.94 billion expected Total revenue rose just 2% year over year which was the slowest rate since 2016.\u00a0 Microsoft\u2019s Intelligent Cloud segment brought in $21.51 billion in revenue, up 18% from a year ago and better than analysts\u2019 expectations of $21.44 billion.\u00a0 But executives told analysts on the conference call that they expect the weakening tech environment to continue.\u00a0 Microsoft said it expects $50.5 billion to $51.5 billion in fiscal Q3 revenue, falling short of estimates for $52.43 billion.\u00a0 Boeing Slips After Surprise Q4 Loss Boeing (BA) shares are down 2.6% in premarket trade after reporting an unexpected Q4 loss.\u00a0 Here\u2019s how the plane maker\u2019s results compared to analysts\u2019 expectations:\u00a0 Adjusted loss per share: $1.26 vs $0.26 EPS expected Revenue: $19.98 billion vs $20.38 billion expected The profit loss was caused by supply chain issues which caused higher costs.\u00a0 Boeing\u2019s commercial aircraft unit generated $9.2 billion in Q4 sales, up 94% year over year.\u00a0 The company generated $3.1 billion in free-cash flow last quarter, better than expected.\u00a0 It had $2.3 billion in cash flow for the full-year, the best since 2018.\u00a0 Boeing reiterated its forecast to generate between $3 billion and $5 billion in free-cash flow this year.\u00a0 Kimberly-Clark Falls After Q4 Sales Miss Kimberly-Clark (KMB) shares are down 4% ahead of the open after reporting mixed Q4 results.\u00a0 Here\u2019s how the consumer goods giant\u2019s results compared to analysts\u2019 expectations: Adjusted EPS: $1.54 vs $1.51 expected Revenue: $4.96 billion vs $4.99 billion expected The drop in revenue came as sales volume declined 7% but pricing rose 10%.\u00a0 Kimberly-Clark forecast sales will be flat to up 2% in 2023 vs analysts\u2019 expectations for 1% growth. AT&T Jumps On Earnings Beat AT&T (T) shares are up 2.4% in premarket trade after beating Q4 profit expectations.\u00a0 Here\u2019s how the company\u2019s results compared to analysts\u2019 estimates: Adjusted EPS: $0.61 vs $0.57 expected Revenue: $31.3 billion vs $31.4 billion expected AT&T added 656,000 monthly cell phone subscribers in the quarter vs 570,000 expected, bringing the 2022 total to nearly 2.9 million.\u00a0 The company forecast adjusted EPS of $2.35 to $2.45 for the full-year 2023 vs $2.53 expected. AT&T is targeting $16 billion or more in free-cash flow this year vs $16.2 billion estimates Mortgage Demand Rises As Rates Hit 4-Month Low Mortgage demand jumped last week as rates fell for the third week in a row.\u00a0 The Mortgage Bankers Association reported total application volume rose 7% last week.\u00a0 Purchase applications rose 3% weekly and were down 39% year over year.\u00a0 Refinance applications jumped 15% weekly and were down 77% annually.\u00a0 The jump came as the average 30-year contract rate fell to 6.2% from 6.23%, the lowest since September. Key Earnings After The Close Here\u2019s a look at the companies set to report earnings after the close today: Tesla (TSLA) IBM (IBM) ServiceNow (NOW) Levi Strauss (LEVI)","og_url":"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/","og_site_name":"T3 Live","article_published_time":"2023-01-25T14:02:36+00:00","article_modified_time":"2023-01-25T14:02:53+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/01\/Microsofts-Gloomy-Outlook-Weighs-On-Tech.jpg","type":"image\/jpeg"}],"author":"Greta Wall","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Greta Wall","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/#article","isPartOf":{"@id":"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/"},"author":{"name":"Greta Wall","@id":"https:\/\/blog.t3live.com\/#\/schema\/person\/549aa891c00c384118d8a2190d2c7afe"},"headline":"Coffee With Greta: Microsoft&#8217;s Gloomy Outlook Weighs On Tech","datePublished":"2023-01-25T14:02:36+00:00","dateModified":"2023-01-25T14:02:53+00:00","mainEntityOfPage":{"@id":"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/"},"wordCount":521,"commentCount":0,"publisher":{"@id":"https:\/\/blog.t3live.com\/#organization"},"image":{"@id":"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/#primaryimage"},"thumbnailUrl":"https:\/\/blog.t3live.com\/wp-content\/uploads\/2023\/01\/Microsofts-Gloomy-Outlook-Weighs-On-Tech.jpg","articleSection":["Coffee With Greta"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/","url":"https:\/\/blog.t3live.com\/2023\/01\/25\/coffee-with-greta-microsofts-gloomy-outlook-weighs-on-tech\/","name":"Coffee With Greta: Microsoft's Gloomy Outlook Weighs On Tech - 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