{"id":33636,"date":"2022-06-02T15:06:06","date_gmt":"2022-06-02T15:06:06","guid":{"rendered":"https:\/\/harchi90.com\/microsoft-stock-sinks-after-profit-and-sales-outlook-lowered-due-to-unfavorable-currency-moves\/"},"modified":"2022-06-02T15:06:06","modified_gmt":"2022-06-02T15:06:06","slug":"microsoft-stock-sinks-after-profit-and-sales-outlook-lowered-due-to-unfavorable-currency-moves","status":"publish","type":"post","link":"https:\/\/harchi90.com\/microsoft-stock-sinks-after-profit-and-sales-outlook-lowered-due-to-unfavorable-currency-moves\/","title":{"rendered":"Microsoft stock sinks after profit and sales outlook lowered due to &#8216;unfavorable&#8217; currency moves"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"E44257D9-E1D4-4F8A-8F96-03C31AE7C181\" role=\"document\">\n<p>Shares of Microsoft Corp. MSFT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207732364\/composite\" class=\"negative\">-1.90%<\/bg-quote><br \/>\n       sank 2.5% in premarket trading Thursday, after the software behemoth lowered its fiscal fourth-quarter guidance for profit and revenue to reflect and &#8220;unfavorable&#8221; currency impact.  The company revised its earnings-per-share estimate for the quarter to June 30 to $ 2.24 to $ 2.32 from $ 2.28 from $ 2.35, with the new guidance below the FactSet EPS consensus of $ 2.33.  The revenue outlook was lowered to $ 51.94 billion to $ 52.74 billion from $ 52.40 billion to $ 53.2 billion, with the new range below the FactSet consensus of $ 52.90 billion.  The revised outlook comes after the US Dollar Index DXY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598269\/delayed\" class=\"negative\">-0.45%<\/bg-quote><br \/>\n       has rallied 4.9% over the past three months and surged 13.6% over the past year.  Microsoft shares have shed 19.0% year to date through Wednesday, while the Dow Jones Industrial Average DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-0.18%<\/bg-quote><br \/>\n       has declined 9.7%.<\/p>\n<\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Microsoft Corp. MSFT, -1.90% sank 2.5% in premarket trading Thursday, after the software behemoth lowered its fiscal fourth-quarter guidance for profit and revenue to reflect and &#8220;unfavorable&#8221; currency impact. The company revised its earnings-per-share estimate for the quarter to June 30 to $ 2.24 to $ 2.32 from $ 2.28 from $ 2.35, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/microsoft-stock-sinks-after-profit-and-sales-outlook-lowered-due-to-unfavorable-currency-moves\/\"> <span class=\"screen-reader-text\">Microsoft stock sinks after profit and sales outlook lowered due to &#8216;unfavorable&#8217; currency moves<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[185,6380,16205,16204],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/s.wsj.net\/public\/resources\/MWimages\/MW-GP644_MicroS_ZG_20180906154215.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/33636"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=33636"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/33636\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=33636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=33636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=33636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}