Microsoft’s fiscal third quarter earnings topped Wall Street estimates on Thursday, but the outlook for the June quarter was mixed.
Here’s the rundown: Microsoft’s reported operating income of $4.41 billion, or 47 cents a share, on revenue of $14.45 billion. According to Thomson Financial, Microsoft was expected to report fiscal third quarter earnings of 44 cents a share with sales of $14.5 billion. However, those earnings figures include a charge of $1.42 billion, or 15 cents a share, to cover an EU fine. But it appears that charge was offset by an income tax reduction.
Add it up and Microsoft’s earnings were better than expected, but sales were a bit light.
Microsoft, Earnings, Finance, Stock