Look at What Microsoft Shares Did Todayby
Investors unloaded Microsoft’s stock after it posted dismal fourth quarter results, pushing the stock to its largest one-day loss since January 2009. The tech giant missed analysts’ revenue and earnings-per-share targets with Thursday’s earnings. A slowdown in the consumer PC industry translated to weak shipments of Microsoft Office and Windows, and the abject failure of the Surface tablet (responsible for a $900 million write-down last quarter) certainly didn’t help. Maybe the company’s upcoming massive reorganization will turn things around in time for the next earnings release?