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Microsoft's Q2 earnings announced revenues of $69.6 billion, marking a 12% year-over-year growth that surpassed expectations by about $720 million. Analysts had projected revenues slightly below this figure. However, the company's guidance for the upcoming quarter fell short of Wall Street's forecasts, with estimates for total revenue ranging from $67.7 billion to $68.7 billion, as opposed to the expected $69.8 billion. This disappointing guidance sparked a noticeable decline in Microsoft shares, signaling tempered investor sentiment.