Microsoft earnings: 55 cents a share, vs. expected EPS of 60 cents

What is Microsoft stock doing now? Last week, Microsoft said it would cut up to 18,000 jobs during the next year, with about 12,500 related to the company's acquisition of Nokia's phone business in April. As a result of the dismissals, Microsoft said, it will incur pretax charges of up to $1.6 billion for severance and related costs over the next four quarters..