Microsoft’s Exec Shakeup, Earnings, and Vodafone Struggles: Afternoon Buzzers
After closing relatively flat on Monday, U.S. stock markets edged slightly lower Tuesday afternoon, then bounced back to a flatline. Concerns could be aggravated by delay and disagreement by creditors surrounding Greece’s financial recovery.
Microsoft (NASDAQ:MSFT) was off nearly 2.86 percent in afternoon market trading after Steven Sinofsky, head of the Windows unit and possible CEO candidate, leaves the company. Neither Microsoft or Mr. Sinofsky have given a reason, but the shakeup is unsettling given his role in Windows 8.
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The Home Depot (NYSE:HD) is riding about 4.20 percent higher in afternoon market trading after releasing third-quarter results. Revenue rose 4.5 percent to $18.1 billion from a year ago, while net income rose 1.4 percent to $0.63 per share. This is the third consecutive quarter of income growth for the company.