Microsoft Stock Is Sliding Thursday: What's Going On?

Microsoft Corp (NASDAQ:MSFT) shares are trading lower Thursday on the heels of the company’s first-quarter financial results.

Q1 Revenue: $65.6 billion, versus estimates of $64.51 billion

Q1 EPS: $3.30, versus estimates of $3.09

Total revenue was up 16% year-over-year. Productivity and Business Processes revenue was up 12% year-over-year, Intelligent Cloud revenue was up 20% year-over-year and More Personal Computing revenue increased 17% year-over-year.

Microsoft’s forward guidance appears to be weighing on shares Thursday. On a conference call with analysts and investors following the print, Microsoft guided for fiscal second-quarter ...