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Microsoft Shares Slip

Friday, July 24, 2009
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Thursday, Microsoft reported income and revenue that left something to be desired, causing Microsoft shares to drop almost 7% in Friday's pre-market trading.

From John Letzing and Michelle Donley, MarketWatch:

SAN FRANCISCO (MarketWatch) -- Shares of Microsoft Corp. slipped in early trading Friday after the software titan reported disappointing results for its fourth fiscal quarter that reflected a sharp slowdown in software sales.

After the opening bell, Microsoft shares were down more than 7% to $23.71. The stock had run up more than 25% since its last earnings report in April.

Late Thursday, Microsoft (MSFT 23.04, -2.52, -9.86%) said net income for the period ended in June fell to $3.05 billion, or 34 cents a share, from $4.3 billion or 46 cents a share in the same period a year earlier. Revenue fell 17% to $13.1 billion.

Read the full article.

Other Related Topics: Computer Industry , Information Technology

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