Microsoft shares tumble after weak 4Q results

wochit technology
July 19, 2013 AT 1:31 PM
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. The stock is still up about 18 percent year-to-date.