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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

Topic: stock

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January 27, 2015 at 9:09 AM

Microsoft stock plunges as investors digest earnings

Update 1:49 p.m.:

Microsoft’s stock recorded the largest decline in 18 months after the company lowered the bar for its financial year ahead.

Microsoft released a mixed set of quarterly financial results Monday. The company’s profit met Wall Street expectations, but the report brought some signs that Microsoft’s Office and Windows businesses were stumbling more than investors had expected.

On a rough day for stocks across the board, Microsoft was hit particularly hard. Shares fell $4.35, or 9.3 percent, to close at $42.66 a share. The decline wiped out about 40 percent of the gains made in the 11 months since Satya Nadella was appointed as Microsoft’s third chief executive.

Tuesday’s swoon came as investors reacted to Microsoft’s dour outlook for the rest of its fiscal year.

The company’s expectations for how much cash it will bring in during the current quarter were “shockingly low,” John DiFucci, an analyst with Jefferies, said in a note to clients.


Comments | More in Financial | Topics: earnings, microsoft, stock

July 20, 2013 at 12:41 PM

Microsoft shares plummet

[This story is running in the print edition of The Seattle Times on July 20, 2013.] A day after Microsoft reported fourth-quarter financial results far below what Wall Street analysts had expected, the company’s stock price plunged 11.4 percent — the biggest single-day drop since January 2009. Microsoft shares closed Friday at $31.40, down $4.04. The slide reversed…


Comments | More in Microsoft | Topics: earnings, shares, stock