Microsoft says China and Russia hurt its earnings By Rishi Iyengar, CNN Business Microsoft’s business is taking a hit from events on the other side of the world. The tech giant on Tuesday attributed lower-than-expected earnings to developments in China and Russia, including the former’s extended Covid lockdowns and the latter’s war against Ukraine. Microsoft recorded $51.9 billion in revenue and $16.7 billion in profit, up 12% and 2%, respectively, from the same period last year but lower than forecasts from analysts surveyed by Refinitiv. “Extended production shutdowns in China” resulted in a $300 million hit, the company said in...