How to buy Peloton stock

Microsoft Corp. (NASDAQ:MSFT) stock fell more than 20% Thursday after the tech giant reported a net loss of $4.6 billion.

Shares in the company dropped more than 12% on the news.

The company reported $4 billion in net revenue for the quarter ended Dec. 31.

EPS came in at $0.01 per share, a significant decline from the $0,000 EPS the company reported in the first quarter.

EPS is EPS divided by revenue, which is EPS multiplied by revenue to get an overall per-share figure.

Peloton, the ride-hailing company, is expected to post a net profit of $5.3 billion for the fiscal year ending Dec. 30.

Pelos stock dropped as much as 30% before bouncing back on Thursday afternoon.

Shares of Peloton are down nearly 25% since the news broke.

Microsoft stock fell as much at $46.30 on Thursday after it announced a net income of $11.4 billion for its fiscal first quarter, the company’s first ever.

EPS was $0 for the second quarter.

The tech giant said it will pay $1 billion in stock-based compensation to its top executives.

EPS for the current quarter is expected at $1.40 per share.

The stock is down $4% so far this year.

Microsoft shares were down about $3.50, or 3.5%, at $50.70 in after-hours trading.

Shares are down about 11% this year as the company has been struggling to make money.

Microsoft’s share price has dropped about 6% over the past six months.

Shares closed Thursday down about 2.5% at $49.90.

The latest earnings announcement is Microsoft’s second earnings report in less than a week.

The technology giant said its net loss for the last fiscal year was $4,700 million.

Microsoft said the loss was due to “lower net sales from the Nokia Lumia series of smartphones and other mobile devices.”

The company said it expects the Lumia series sales to fall to $500 million in fiscal 2019.

Microsoft is expected be profitable this fiscal year, as its share price is up about 5% this month.

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