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
Captioning sponsored by wpbt this is n. B. R. Susie good evening everyone. Im susie gharib. From windows 8 to the surface tablet, a lot was riding on microsofts latest earnings, the Software Giant delivers, but st barely. Tom im tom hudson. Investors take a 63 bite out of apple stock. Chomping almost 12 off its price, thanks to the lack of blockbuster financial results. Susie and the former vice chairman of the federal reserve, talks with us about the debt crisis, the economy and the fed. Alan blinder joins us. Tom that and more tonight on n. B. R. susie just a single cent higher. Earnings from Software Giant microsoft were only a penny more than what anysts 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 operati