Scalper1 News
Microsoft late Thursday beat Wall Street’s expectations for its fiscal third-quarter sales and earnings by a wide margin. But it was still the company’s second straight quarter of declining earnings per share and single-digit sales growth as sluggish PC sales continue to drag on the software leader. For the quarter ended March 31, Microsoft earned 61 cents, down 10% year over year, on sales of $21.73 billion, up 6%. Wall Street was bracing for the worst. Analysts polled by Thomson Reuters expected Microsoft (MSFT) to earn 51 cents a share, down 25%, on sales of $21.08 billion, up 3%. Microsoft’s fiscal Q3 results included $190 million in integration and restructuring expenses, or a 1 cent per share negative impact, related to Microsoft’s corporate restructuring plan announced last July and the ongoing integration of the Nokia phone business. Excluding the impact of foreign exchange rate headwinds, EPS would have been down … Scalper1 News
Scalper1 News