PREMARKET ALERT: Microsoft (MSFT)

Posted in General 
July 24th, 2009

Microsoft Corp. (Nasdaq: MSFT) shares fell more than 6 percent to $23.80 after hours, on very high active-hours volume of more than 14 million shares. The software maker reported in-line earnings 36 cents a share, but lower-than-expected revenue that fell 17.3% to $13.1 billion from year-ago results. Analysts had been expecting revenue of $14.4 billion. The company noted global weakness in PC and server markets, and said it sees tough comparable numbers for the rest of its calendar year. It sees the PC hardware market declining 5 to 7% from last year, with sales of traditional PCs down 16 to 17 percent. — Mike Tarsala

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