MSFT stock
Why Is Microsoft (NASDAQ:MSFT) Stock Down 4% Today? MSFT stock retreated this morning after the company reported mixed Q2 results and provided cautious guidance.
Investors are reacting to Microsoft's Q2 earnings report, which showed a slight miss on revenue but beat earnings expectations. The company reported revenue of $43.1 billion, falling short of the estimated $43.2 billion. However, earnings per share came in at $2.03, surpassing the estimated $1.64.
In addition to the mixed results, Microsoft also provided cautious guidance for the upcoming quarter. The company cited uncertainties related to the ongoing pandemic and global economic conditions as reasons for the conservative outlook.
As a result, investors are selling off MSFT stock, causing the 4% decline in its value. However, it's important to note that Microsoft remains a strong and stable company with a solid track record. This dip in stock price may present a buying opportunity for long-term investors.