Microsoft Stock Falls After Q3 Earnings Release

Posted: Apr 24 2008, 11:23pm CDT | by , Updated: Aug 11 2010, 7:40am CDT, in News | Technology News

 
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Microsoft reported their Q3 numbers and while Microsoft highlights record revenues for the quarter, the stock declines in after hour trading by 5%.

The reasons are that Microsoft's net earnings fell 11% and that they made downbeat remarks on the Yahoo! deal. Also the forecast for the current quarter are on the low end on what analysts have predicted. Microsoft is apparently planning to turn on the heat on the Yahoo! deal next week.
More details in this Microsoft release and on the NY Times and WSJ.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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