Microsoft Q2 results in line with expectations but shares fall
Microsoft shares fell over 2% in after-hour trading on Monday, even if the firm announced its second quarter earnings per share met analysts' expectations.
Dow Jones I.A.
37,775.38
04:30 15/10/20
n/a
n/a
Microsoft Corp.
$404.27
13:05 18/04/24
-1.84%
-$7.57
Nasdaq 100
17,394.31
12:15 18/04/24
-0.57%
-99.31
The company's second quarter earnings fell to 71 cents per share from 78 cents a share in the year-earlier period, while revenue increased to $26.47bn from $24.52bn a year ago.
Last week, the tech giant unveiled two new products: Windows 10 and HoloLens, a pair of virtual reality goggles capable of incorporating computer screen images into the real world.
However, the Microsoft did not state offer a specific timeline as to when the products would be released.