Microsoft Corp. tumbled the most in more than a year after Goldman Sachs Group Inc. said the software maker is struggling with slack personal-computer sales and its push into consumer devices has failed to gain traction.
Investors had declared the stock of AllianceBernstein Holding LP a loser. From Jan. 1, 2010, to Aug. 23, 2012, it had declined 43 percent compared with a 33 percent gain for the Standard & Poor’s 500 Index. Nevertheless, on that day, Credit Suisse Group AG analyst Craig Siegenthaler lifted his rating on the New York-based money manager’s shares to a buy.
Microsoft Corp. may announce a 15 percent increase to its quarterly dividend later this month, according to data compiled by Bloomberg, as the world’s largest software maker faces a growing cash position.
Microsoft Corp., the world’s largest software maker, reported second-quarter profit that beat estimates, lifted by holiday sales of Xbox machines and Kinect sensors, as well as corporate software demand.
Microsoft Corp. had a bigger gain in multiyear software deals than analysts predicted last quarter, a sign that businesses are flocking to the company’s programs as consumers delay purchases or opt for competitors.