Microsoft Cuts Earnings and Revenue Guidance, Citing a Stronger U.S. Dollar
Microsoft cut sales and earnings guidance for the current quarter, citing exchange rate effects as a stronger US dollar takes a hit.
The software giant said in a stock filing Thursday that it expects fiscal fourth-quarter revenue of $51.94 billion to $52.74 billion, down from previous guidance. that’s $52.4 billion down to $53.2 billion. The quarter ended June 30.
https://www.wsj.com/articles/microsoft-cuts-earnings-revenue-guidance-citing-foreign-exchange-11654176285?mod=pls_whats_news_us_business_f Microsoft Cuts Earnings and Revenue Guidance, Citing a Stronger U.S. Dollar
