TITLE

Microsoft's Earnings Disappoint Investors

PUB. DATE
April 2008
SOURCE
Red Herring;4/24/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports a decline in the earnings of Redmond, Washington-based software firm Microsoft Corp. as of April 2008. Microsoft shares dipped by nearly 5 percent in after-hours trading after the company said its third quarter profit dropped from a year ago as revenue rose slightly. The company reported net income for its third fiscal quarter of $4.39 billion, compared with a profit of $4.93 billion, or 50 cents per share, for the year-earlier period. Analysts had forecast a quarterly profit of 45 cents per share on sales of $14.5 billion.
ACCESSION #
36834984

 

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