Beat references results relative to expectations for the quarter. But yes, guidance generally matters more than the actual quarterly results. Which is why MSFT

Beat references results relative to expectations for the quarter. But yes, guidance generally matters more than the actual quarterly results. Which is why MSFT is flat now after giving weak guidance on their call. Of course, it’d be kind of silly to not sandbag your guidance in this environment. There’s very little to gain by setting expectations high