CBSMarketWatch: Goldman cuts Microsoft sales outlookApr 12, 2000, 17:18 (3 Talkback[s])
(Other stories by Emily Church)
WEBINAR: On-demand webcast
How to Boost Database Development Productivity on Linux, Docker, and Kubernetes with Microsoft SQL Server 2017 REGISTER >
"Microsoft shares dropped 5.5 percent in mid-session trading Wednesday after influential analyst Rick Sherlund cut his revenue estimate for the software giant on expectations that PC sales were slower than anticipated."
"Sherlund cut his first-quarter sales outlook to $5.75 billion from $5.95 billion, which would translate into trimming the per-share earnings outlook by 2 cents."
"Microsoft's stock (MSFT...) accelerated its losses following the news, surrendering 4 5/8 to 79 1/4 on volume of more than 43 million. The issue isn't much above its 52-week low of 75 1/2, set last May 25."
0 Talkback[s] (click to add your comment)