Microsoft falls as tech giant cuts Q4 revenue, earnings expectations
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Microsoft (NASDAQ:MSFT) shares fell on Thursday after the tech giant cut its revenue and earnings outlook for the fourth-quarter, noting the impact of foreign exchange headwinds.
In a presentation, Microsoft (MSFT) said it sees a $460M impact from foreign exchange and now expects earnings to be between $2.24 and $2.32 per share, compared to a previous outlook of $2.28 and $2.35 per share.

It also updated its revenue outlook for the period, with sales expected to be between $51.94B and $52.74B, compared to a previous outlook of $52.4B and $53.2B.
Microsoft (MSFT) shares fell more than 2% to $266.40 in premarket trading on Thursday.
Over the weekend, Seeking Alpha questioned whether cracks were starting to show in Microsoft's (MSFT) business as the company recently curbed hiring in its Windows, Office and Teams groups.