Microsoft Corp. (MSFT)

$ 204.70
   
  • Change Today:
    $1.19
  • 52 Week High: $206.35
  • 52 Week Low: $132.21
  • Currency: US Dollars
  • Shares Issued: 7,643m
  • Volume: 32,061,206
  • Market Cap: $1,564,522m
  • RiskGrade: 201

Microsoft lowers Q3 guidance as coronavirus interrupts supply chain

By Iain Gilbert

Date: Thursday 27 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Tech giant Microsoft warned late on Wednesday that it was set to fall short of guidance on some of its third-quarter figures as a result of issues stemming from the Wuhan coronavirus outbreak.
Microsoft had previously forecast for third-quarter sales of $10.75bn-$11.15bn in its More Personal Computing segment, which "included a wider-than-usual range to reflect uncertainty related to the public health situation in China".

While Microsoft said there was still "strong" demand for Windows, in line with the expectations, the group said its supply chain was returning to normal operations "at a slower pace than anticipated".

"As a result, for the third quarter of fiscal year 2020, we do not expect to meet our More Personal Computing segment guidance as Windows OEM and Surface are more negatively impacted than previously anticipated," the company said.

Yet Microsoft also said that the rest of its third-quarter guidance remained unchanged.

As of 1350 GMT, Microsoft shares were down 3.84% in pre-market trading at $163.63 each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Microsoft Market Data

Currency US Dollars
Share Price $ 204.70
Change Today $ 1.19
% Change 0.58 %
52 Week High $206.35
52 Week Low $132.21
Volume 32,061,206
Shares Issued 7,643m
Market Cap $1,564,522m
RiskGrade 201

What The Brokers Say

Strong Buy 29
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Neutral 4
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Total 35
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Trades for 01-Jul-2020

Time Volume / Share Price
16:00 2,609,558 @ $204.70
16:00 100 @ $204.66
16:00 5,146 @ $204.66
15:59 2,443 @ $204.68
15:59 100 @ $204.68

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