Microsoft tanks 10 percent, hit by 4 downgrades on earnings
Source: AP-Excite
By BRANDON BAILEY
SAN FRANCISCO (AP) Microsoft shares plunged 10 percent Tuesday after the software giant reported quarterly revenue that beat expectations but warned that a weak PC market and a strong dollar will curb growth this year. Many analysts slashed price targets on the stock and some cut their Buy ratings to Hold.
What are Wall Street's main concerns?
WHAT'S AHEAD
Microsoft showed promising signs of growth in new businesses, such as cloud computing, but Chief Financial Officer Amy Hood forecast revenue for the current period that missed analysts' expectations. Revenue for the quarter ending in March will be $21 billion if the company hits the midpoint of its own forecast. Analysts had forecast $23.8 billion, on average.
FULL story at link.
FILE - This July 3, 2014, file photo, shows the Microsoft Corp. logo outside the Microsoft Visitor Center in Redmond, Wash. Microsoft shares plunged more than 10 percent Tuesday, Jan. 27, 2015, after the software giant reported quarterly revenue that beat expectations but warned that a weak PC market and a strong dollar will curb growth this year. (AP Photo Ted S. Warren, File)
Read more: http://apnews.excite.com/article/20150127/us-tec--microsoft-mover-1f2629d89e.html
AtheistCrusader
(33,982 posts)Kelvin Mace
(17,469 posts)because their profits have dropped from "obscene" to simply "indecent"?
madokie
(51,076 posts)a long time ago. Linux 100% and will continue to be a linux user forever.
olddots
(10,237 posts)Johnny Rash
(227 posts)So, it's "One", "Two", "Three", "Four", "Five", "Six", "Seven", "Eight", "Nine", "Ten" and you're OUT!
It is just like a Boxing Match Countdown! Literally!
If only is was that simple!!!
Yavin4
(35,411 posts)Computers are phones and tablets now, not desktops and laptops. I know. I know. Several of you are going to post that you still need a laptop for work, but that day is coming to a close.
The future is mobile and the future is now.