Microsoft Down 6.1% in After-Hours Island Trading Due to Warning
Microsoft
(MSFT) - Get Microsoft Corporation Report
was down 6.1% in after-hours
Island
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TheStreet Recommends
trading after it
warned that second-quarter earnings would be 46 to 47 cents a share, below the
First Call/Thomson Financial
estimate of 49 cents. Microsoft also forecast 2001 earnings of $1.80 to $1.82 a share vs. the Street¿s estimate of $1.91. The company blamed sluggish PC sales and the global economic slowdown.
