MicroStrategy Incorporated shares are trading lower after the company reported worse-than-expected Q2 revenue results. Software stocks are also down after Fitch downgraded the long-term credit rating of the US.
Portfolio Pulse from Benzinga Newsdesk
MicroStrategy Incorporated reported lower than expected Q2 revenue results, leading to a drop in its share price. The overall software stocks are also down following Fitch's downgrade of the long-term credit rating of the US.
August 04, 2023 | 11:45 am
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MicroStrategy's shares are trading lower due to worse-than-expected Q2 revenue results.
MicroStrategy's lower than expected Q2 revenue results have negatively impacted investor sentiment, leading to a drop in its share price. This is a direct impact on the company's stock.
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