“Microsoft Corp. reported a 5.5 fall in quarterly revenue as a strong U.S. dollar reduced the value of sales from outside the United States and a weak personal computer market limited demand for its mainstay Windows operating system,” Anya George Tharakan reports for Reuters.
“The company’s net income fell to $3.76 billion, or 47 cents per share, in the third quarter ended March 31, from $4.99 billion, or 61 cents per share, a year earlier,” Tharakan reports. “Revenue fell to $20.53 billion from $21.73 billion.”
“Microsoft Corp. (MSFT, -4.27%) shares dropped in Thursday’s extended session after the software giant missed Wall Street’s estimates on quarterly earning,” Sue Chang reports for MarketWatch.
“Microsoft reported its fiscal third-quarter earnings fell to $3.76 billion, or 47 cents a share, from $4.99 billion, or 61 cents a share.,” Chang reports. “Analysts surveyed by FactSet had forecast adjusted earnings of 64 cents a share on revenue of $22.1 billion.”
Read more in the full article here.
MacDailyNews Take: Currently, in after hours trading, Microsoft shares (MSFT) are Down 2.48, or -4.45%, to $53.30 at 4:24PM ED.T
Ahhhh, only -4.45%.
Their cheating with numbers has not yet caught up with them. This is nothing compared what will come…
Even the above doesn’t make sense. Earnings dopping from 5 billion to 3.75 billion is not a 5.5 percent drop – it’s 25%.
Shadiness doesn’t adequately describe Microsofts financial reporting.
With Q1 earning down across the board, can we relax a bit and understand, sometimes the economy takes a breather in Q1.
With that said – Apple, show them how it’s done.
Little steps.
$3.76 billion income from $20.53 billion is pretty lame from a software company.
No doubt we will still see all those Microsoft is back disengenuous articles that we have become used to over the years mind. Reality distortion is something they have copied better than anything.