Microsoft stock fell 4% today (though now the stock is back in the green) after it lowered its revenue and earnings forecasts for the current quarter .
Microsoft now expects revenue of $51.94 billion to $52.74 billion, compared with its previous outlook of $52.4 billion to $53.2 billion. The midpoint is now $52.34 billion vs. the prior target of $52.8 billion.
Microsoft cut its per-share earnings range to $2.24 to $2.32, compared with its previous outlook of $2.28 to $2.35. The midpoint is now $2.28 vs. the prior target of $2.31 for the fiscal fourth quarter.
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