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Microsoft stock down after it reports 37 per cent gain in quarterly earnings | |
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| Time: 17:18 EST/22:18 GMT | News Source: Canada.com | Posted By: Andre Da Costa | ||
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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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| #1 By 1896 (68.153.171.248) at 7/22/2005 10:05:29 PM |
| Go figure. All the numbers are above analysts expectations. Well I keep accumulating, as soon as the real estate bubble and the even worse "interest negative loans" one will burst a lot of people will move money to the stock market. |
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