“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.”
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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