Shares of Microsoft slid Thursday after the company’s revenue forecast fell short of Wall Street’s estimates as the cloud computing giant struggles to meet demand.
The Microsoft stock losses weighed on broader indexes, with the S&P 500 and tech-concentrated Nasdaq each down about 0.7%.
and are looking to punish the stock for even a slight miss to Wall Street forecasts. Related: Meta earnings blast forecasts, but Facebook parent sees big capex increase Microsoft posted first ...
Microsoft reported earnings after the close of trading Wednesday, beating with its results but forecasting a slowdown in its ...
Record sales and profits were not enough to lift Microsoft stock Thursday. In its earnings report released Wednesday afternoon, Microsoft reported record $3.30 earnings per share and net income of ...