Microsoft continues to be battered by the tough economy, reporting revenues of $13.65 billion today, a 6 percent decline from the same quarter a year ago. As expected, it was the first year-over-year quarterly revenue decrease in the company's history -- but it was even worse than the 2 percent reduction analysts had been anticipating.
That translated into profits of $2.98 billion, a 32 percent decline; and earnings per share of 33 cents, down 30 percent. However, the company said the results included 6 cents in special charges for employee severance costs and investment impairments. Without those charges, the company would have matched analyst estimates of 39 cents per share of earnings.
more
No comments:
Post a Comment