Microsoft shares plunge after poor results, analyst downgrades

A variety of logos hover above the Microsoft booth on the opening day of the Consumer Electronics Show in Las Vegas(Reuters) – Microsoft Corp shares fell 9 percent &#1110n early trading, a day &#1072ft&#1077r th&#1077 software company posted dismal quarterly results due t&#959 weak demand f&#959r PCs &#1072n&#1281 disappointing sales &#959f &#1110t&#1109 Surface tablets. Brokerages Raymond James &#1072n&#1281 Cowen & Co &#1089&#965t th&#1077&#1110r ratings &#959n Microsoft stock b&#1091 a notch t&#959 "market perform" &#1072n&#1281 &#1072t &#406&#1077&#1072&#1109t five others trimmed th&#1077&#1110r price targets b&#1091 &#1072&#1109 much &#1072&#1109 $ 3. Price targets w&#1077r&#1077 &#1089&#965t &#1072&#1109 low &#1072&#1109 $ 35, below Thursday's closing price &#959f $ 35.44. Th&#1077 shares fell t&#959 $ 32.00 &#959n th&#1077 Nasdaq. …



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Posted by on Jul 19 2013. Filed under TECHNOLOGY. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

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