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U.S. stock futures extended losses,Nasdaq100 futures fell 0.5%, while S&P 500 futures fell 0.3%.MicrosoftU.S. stocks turned lower after hours and are now down more than 1%.
Microsoft’s second-quarter profit topped analysts’ estimates, helped by a strong performance in its cloud services business, which helped offset lower demand for personal computers and enterprise software amid a global economic downturn. Earlier in the day, Microsoft shares rose about 4 percent in after-hours trading. Microsoft reported adjusted earnings per share of $2.32 for the quarter ended Dec. 31, on revenue up 2% to $52.7 billion. Analysts on average had forecast earnings of $2.30 a share on revenue of $52.9 billion. The closely watched Azure cloud computing business saw revenue growth of 38%, which was estimated to be 37% after excluding the impact of currency fluctuations.
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