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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Microsoft Corporation | NASDAQ:MSFT | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -8.03 | -1.95% | 403.81 | 404.01 | 404.20 | 411.88 | 404.0401 | 410.77 | 21,008,310 | 00:10:06 |
From Apr 2022 to Apr 2024
By Will Feuer
Microsoft Corp. cut sales and earnings guidance for the fourth quarter, citing unfavorable foreign exchange rates as the stronger U.S. dollar takes a toll.
The company now expects fiscal fourth-quarter sales of $51.94 billion to $52.74 billion, down from its prior guidance of $52.4 billion to $53.2 billion. The quarter ends June 30.
Earnings are expected to be between $2.24 a share and $2.32 a share, down from prior guidance of $2.28 a share to $2.35 a share.
Shares of Microsoft fell more than 2% in premarket trading to $266.02 a share.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
June 02, 2022 09:33 ET (13:33 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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