Microsoft posted strong fiscal third-quarter earnings back in April, which helped carry the positive sentiment we’ve seen since Satya Nadella took over as CEO. Shares are now up about 12% over the past 12 months, having been given an extra boost when news leaked that Microsoft plans to eliminate 18,000 jobs, 12,500 of which will come from the Nokia devices and services business that Microsoft acquired recently. Heading into Tuesday’s report, Wall Street was expecting Microsoft to post fiscal fourth-quarter earnings of $0.60 per share on revenue totalling $22.99 billion. The numbers are now in, and Microsoft missed estimates with a quarterly profit of $0.55 per share on $23.38 billion in sales. Operating income in the quarter was $6.48 billion. For the same quarter last year, Microsoft
Microsoft misses Q4 estimates with earnings of $0.55 per share on $23.38 billion in sales
23
Jul
2014
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