Microsoft this week cut its profit forecast for the current quarter, blaming the surging US dollar for an imminent drag on its earnings to the tune of $460 million. Reuters
Microsoft this week cut its profit forecast for the current quarter, blaming the surging US dollar for an imminent drag on its earnings to the tune of $460 million. Reuters

Business

Markets

Microsoft sounds the dollar alarm and raises new concerns for software stocks

Company’s rare mid-season revision takes markets by surprise and briefly sends futures on the S&P 500 Index tumbling

Bloomberg

June 05, 2022

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