Susie just a single cent higher. Earnings from Software Giant microsoft were only a penny more than what analysts were expecting. Microsoft shares slipped as much as 2 on the news in after hours trading. Here are the numbers microsoft earned 0. 76 a share, down 3. 7 from a year ago. Revenues rose more than 2. 5 to 21. 5 billion, but also below expectations. The results mark the First Quarter to include sales of microsofts new windows 8 operating system, and its tablet computer, the surface. Sales of its Windows Division jumped 24 , but no financial details on the surface tablet. Well have more analysis on microsoft, in a just a moment. Tom the other big tech story today apple and its big fall following yesterdays lackluster results. The stock lost 12 of its value or 63 a share, closing at 450 and change. Suzanne pratt reports. Reporter no doubt this was a sour day for investors. Not only did the stock log its largest dollar drop ever, but the shares are now trading at their lowest leve
But wall street analysts did not like what they saw in the numbers. To that end, many firms cut their price target for apple today, including jefferies which slashed its target by 200 a share. Jefferies also downgraded the shares to a hold from a buy, saying we think apple is losing the screensize wars, noting demand is moving away from the iphone 5 to competitors with fiveinch screens like samsung. Because apple shares are so widely held, many investors tonight are wondering what to do with them. Perhaps apple is no longer considered a growth stock. But, is it already low enough to be considered a value play . Suzanne pratt, n. B. R. , new york. Susie joining us now with more analysis on apple, and those microsoft earnings, collin gillis, Technology Analyst at b. G. C. Partners. Thely for apple their growth is slowing down. It is not the type of growth that wall street labels growth stock. When you see that market selloff today it has put apple evaluation clearly into the value territ
But wall street analysts did not like what they saw in the numbers. To that end, many firms cut their price target for apple today, including jefferies which slashed its target by 200 a share. Jefferies also downgraded the shares to a hold from a buy, saying we think apple is losing the screensize wars, noting demand is moving away from the iphone 5 to competitors with fiveinch screens like samsung. Because apple shares are so widely held, many investors tonight are wondering what to do with them. Perhaps apple is no longer considered a growth stock. But, is it already low enough to be considered a value play . Suzanne pratt, n. B. R. , new york. Susie joining us now with more analysis on apple, and those microsoft earnings, collin gillis, Technology Analyst at b. G. C. Partners. Thely for apple their growth is slowing down. It is not the type of growth that wall street labels growth stock. When you see that market selloff today it has put apple evaluation clearly into the value territ
As 2 on the news in after hours trading. Here are the numbers microsoft earned 0. 76 a share, down 3. 7 from a year ago. Revenues rose more than 2. 5 to 21. 5 billion, but also below expectations. The results mark the First Quarter to include sales of microsofts new windows 8 operating system, and its tablet computer, the surface. Sales of its Windows Division jumped 24 , but no financial details on the surface tablet. Well have more analysis on microsoft, in a just a moment. Tom the other big tech story today apple and its big fall following yesterdays lackluster results. The stock lost 12 of its value or 63 a share, closing at 450 and change. Suzanne pratt reports. Reporter no doubt this was a sour day for investors. Not only did the stock log its largest dollar drop ever, but the shares are now trading at their lowest level in a year. Todays selling was so intense it tripped Circuit Breakers at the nasdaq and, dont forget it was just september when the stock topped 700 as investors
Earnings are very important, bill. We get to see some big ones today. Lets see what we get tonight. Thanks for joining us here on the close. As we head toward the close. Towards the high with the dow up 51 points and it looks like the s p will finish higher. There it is, the ceo of activas ringing the closing bell here at the new york stock exchange. Stand by for the Earnings Report as we get to the second hour of the closing bell. And welcome back to the closing bell, everybody. Im mandy drury sitting in for maria bartiromo. Quite a crowd over here for activas. Dow closing at another fiveyear high. The blue chip index inching ever closer to an alltime high. Well, this is, despite the fact that apple continues its downward spiral. Just today alone its down by over 10 . This is how were finishing out the day. Kind of circling and digesting as we speak right now. The dow is up by 45 points who off the highs of the day the nasdaq is down and being dragged down by apple partly and the s p