Stocks Tumble After Microsoft Reports Lackluster Earnings
January 25, 2023 at 13:16 PM EST
Investors sold off stocks Wednesday morning after Microsoft issued a lackluster earnings report and disappointing revenue forecast for the current quarter. After announcing plans to lay off 10,000 employees, Microsoft reported that its total revenue increased by 2% year over year in the quarter ending December 31, the slowest rate since 2016. Meanwhile, net income [...] The post Stocks Tumble After Microsoft Reports Lackluster Earnings appeared first on ETF Trends .