Microsoft lowers revenue, profit forecasts on forex impact By Reuters

© Reuters. FILE PHOTO: Silhouettes of laptop and mobile device users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration

(Reuters) – Microsoft Corp (NASDAQ:) on Thursday lowered its forecast for profit and revenue in the fourth quarter, citing a hit from unfavorable currency movements.

The company cut the profit view to $2.24 to $2.32 per share, from a prior expectation of $2.28 to $2.35 per share.

It now expects revenue between $51.94 billion and $52.74 billion, compared with its prior range of $52.40 billion to $53.20 billion.

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