Microsoft Corporation (NASDAQ:MSFT) shares are trading lower by 1.41% to $228.86 Tuesday afternoon amid overall market weakness as peer large-cap tech stocks fall on concerns over a tight labor market, which could impact future Federal Reserve policy.
The stock may also be facing continued pressure following last week’s earnings report.
What Happened?
Microsoft reported first-quarter revenue of $50.1 billion, up 11% year-over-year. The total beat an estimate of $49.8 billion from analysts, according to data from Benzinga Pro.
The company reported earnings of $2.35, which beat estimates of $2.32 from analysts.
“In a world facing increasing headwinds, digital technology is the ultimate tailwind,” Microsoft CEO Satya Nadella said…Read More
Microsoft has a 52-week high of $349.67 and a 52-week low of $219.13.
