CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
Two Great Apps: CBS DFW Weather App: iPhone App Store | Android App Coming Oct | Download
                                   CBS Local App: The Latest From CBS DFW On Your Device | iOS & Android | Download
                                   -Including Breaking News Notifications, Audio and Video from CBS DFW

Local

Microsoft Shares Tumble After Weak 4Q Results

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

186152214 Microsoft Shares Tumble After Weak 4Q Results JIM GAFFIGAN, "My kids have never eaten Hot Pockets

181572784 8 Microsoft Shares Tumble After Weak 4Q Results Funny Faced Cheerleaders

 alt=Musicians Then And Now

455079896 Microsoft Shares Tumble After Weak 4Q Results WATCH: Iggy Azalea & JLO's Booty Battle

 alt=Remembering Jimi Hendrix 44 Years Later

cowb thumb Microsoft Shares Tumble After Weak 4Q Results Cowboys Cheerleaders

(credit: Chuck Schechner/KRLD NewsRadio 1080)

(credit: Chuck Schechner/KRLD NewsRadio 1080)

NEW YORK (CBSDFW.COM/AP) — Microsoft’s stock is taking a hit after the software giant behind Windows, the Xbox and Surface tablets reported disappointing results for the latest quarter.

The results, which fell below Wall Street’s expectations, included a large write-off for Microsoft Corp.’s surface RT business. A poor reception for Windows 8 contributed to a revenue drop in the company’s operating system software unit.

Microsoft’s stock is down nearly 11 percent to $31.59 in midday trading. The stock is still up about 18 percent year-to-date.

Microsoft announced a major reorganization late week, aimed at helping it transform into a “devices and services” company that is less reliant on providing software for personal computers. The earnings miss raised new questions as to whether the transition will succeed.

Just last month a Microsoft Store location opened in Arlington at The Parks Mall.

Also Check Out:

MOST VIEWED GALLERIES