Microsoft's stock drops after adjusted profit beats, but commercial revenue misses
Microsoft Corp.'s stock dropped 3.5% in after-hours trade Tuesday, after the technology giant reported fiscal fourth-quarter profit, excluding a massive one-time charge, and sales that beat expectations, but commercial revenue that came up a bit short. For the quarter ended June 30, the technology giant swung to a net loss $3.2 billion, or 40 cents a share, from earnings of $4.61 billion, or 55 cents a share, in the same period a year ago. Excluding non-recurring items, such as a $7.5 billion... Читать дальше...