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Microsoft Down 5% After Lower Q1 Profit

Shares of Microsoft Corp. (MSFT) are down 5 percent on Wednesday's trading after the company posted lower profit in the first quarter.

The company's earnings totaled $17.56 million, or $2.35 per share. This compares with $20.51 billion, or $2.71 per share, in last year's first quarter.

Analysts on average had expected the company to earn $2.30 per share, according to figures compiled by Thomson Reuters.

Currently at $236.44, the stock has traded between $219.13 and $349.67 during the past 52 weeks.

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