Will Microsoft warn Wall Street about lower-than-expected earnings? That's the big question surrounding the company's stock right now, particularly after Morgan Stanley lowered its quarterly and annual expectations for Microsoft's revenue and profits this morning.
When last we heard from the company, in October, it was projecting revenue of $17.3 billion to $17.8 billion in revenue for the quarter, with earnings per share between 51 cents and 53 cents. Of course, it's an understatement to say that a lot happened in the economy since. In particular, the turmoil has reduced expectations for PC sales, a key factor in Microsoft's Windows sales.
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