Microsoft Stock Drops On Weak Outlook, Slowing Azure Growth

8 days ago Investor's Business Daily

Analysts polled by FactSet had predicted Microsoft earnings of $2.29 a share on sales of $53 billion. On a year-over-year basis, Microsoft earnings slipped 6% while sales rose 2%. MSFT Stock Falls On OutlookIn morning trades on the stock market today, MSFT stock fell 3.3% to 234.13. Azure and other cloud services posted revenue growth of 31%, or 38% in constant currency. The company also forecast continued deceleration of Azure sales growth.
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