Microsoft profits miss Wall Street estimates

Discussion in 'News' started by FSOwner, July 17, 2008.

  1. FSOwner

    FSOwner FS Owner

    Todd Bishop: Microsoft today reported fourth-quarter profits of 46 cents a share, just short of Wall Street expectations, and trimmed its earnings forecast for the full fiscal year.
    • Microsoft Corp. today announced revenue of $15.84 billion for the fiscal fourth quarter ended June 30, 2008, an 18% increase over the same period of the prior year. Operating income and diluted earnings per share for the quarter were $5.68 billion and $0.46, representing growth of 42% and 48%, respectively, over the same period of the prior year.

      For the fiscal year ended June 30, 2008, Microsoft announced revenue of $60.42 billion, an 18% increase over the prior year. Operating income and diluted earnings per share for the year were $22.49 billion and $1.87, representing yearly growth of 21% and 32%, respectively.

      The growth rates for operating income and diluted earnings per share were impacted by a $1.1 billion charge in the fourth quarter of fiscal year 2007 related to the expansion of the company’s Xbox 360 warranty coverage.
    [​IMG] News Source: Todd Bishop's Microsoft Blog
     

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