Microsoft Cuts Earnings and Revenue Guidance, Citing a Stronger U.S. Dollar

Tech giant’s stock slips; it is the latest company to warn of the dollar’s impact on financials

Microsoft Cuts Earnings and Revenue Guidance, Citing a Stronger U.S. Dollar
Microsoft cut sales and earnings guidance for the current quarter, citing the impact of foreign exchange rates as the stronger U.S. dollar takes a toll.

The software giant said in a securities filing Thursday that it now expects fiscal fourth-quarter sales of between $51.94 billion and $52.74 billion, down from its prior guidance of $52.4 billion to $53.2 billion. The quarter ends June 30.

MOCTEN

 

In January 1993, EUNET launched the first online news website, MOCTEN.com (stands for Music Opinions Culture Technology Economy News), led by Eric Bach, Teus Hagen, Peter Collinson, Julf Helsingius, Daniel Karrenberg,...  Read more

×