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Microsoft stock down after it reports 37 per cent gain in quarterly earnings

Time: 17:18 EST/22:18 GMT | News Source: Canada.com | Posted By: Andre Da Costa

SEATTLE (AP) - Microsoft Corp. shares continued to slump Friday after the world's largest software maker reported fourth-quarter profits soared nearly 37 per cent on brisk computer sales, continued strength in the server and tools market, and a big tax benefit. Shares of Microsoft were down 35 cents, or 1.3 per cent, to $26.09 US in early trading on the Nasdaq Stock Market. The earnings results were released after the markets closed Thursday.

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