Microsoft flat in a key area, stock price
SeattlePI | at | by Mike
Wall Street analysts expect Microsoft to report another solid quarter when it reveals its latest financial results this week. It would be nothing new for the company, which routinely reports rising revenue and earnings. Despite relatively consistent financial performance, though, Microsoft has been lagging others in the tech sector in one key area.
The software company's share price has remained relatively flat during the past 12 months, even as the tech-heavy Nasdaq Composite Index has climbed more than 48 percent. Shares of Microsoft ended trading Friday afternoon at $27.81, not much changed from their price around the same time last year.