Wells Fargo trims EPS and revenue estimates on Microsoft (MSFT -0.2%) ahead of FQ2 results due...

|About: Microsoft Corporation (MSFT)|By:, SA News Editor

Wells Fargo trims EPS and revenue estimates on Microsoft (MSFT -0.2%) ahead of FQ2 results due after the close. Windows 8 is a potential catalyst later in the year, but Wells sees weakness in PC sales offsetting any upside: "PC underperformance is largely expected, and neither the print nor the guide will have much impact on the stock... Shares are only modestly undervalued at current levels."