Microsoft Corp. shares dropped in Thursday's extended session after the software giant missed Wall Street's estimates on quarterly earnings. Microsoft reported its fiscal third-quarter earnings fell to $3.76 billion, or 47 cents a share, from $4.99 billion, or 61 cents a share. On an adjusted basis, the company would have earned 62 cents a share. Revenue decreased to $20.5 billion versus $21.7 billion. Analysts surveyed by FactSet had forecast adjusted earnings of 64 cents a share on revenue of $22.1 billion. Shares fell 3.8% in after-hours trading.
Copyright © 2016 MarketWatch, Inc.