Microsoft Earns 71 Cents per Share

Microsoft reported fiscal Q2 earnings of 71 cents per share. That matched Wall Street’s consensus.

The company’s bottom line has been hit in recent quarters by expenses related to job cuts started last summer and the Nokia mobile phone business that it acquired in April. The July plans included up to 18,000 jobs cuts, or about 14% of its workforce at the time, largely to clear up overlap with the Nokia businesses.

For the period ended Dec. 31, Microsoft reported a profit of $5.86 billion, or 71 cents a share, down from $6.56 billion, or 78 cents a share, a year earlier. Microsoft said its per-share earnings in the latest quarter were hurt by 2 cents from costs related to integration and restructuring.

Revenue increased to $26.47 billion from $24.52 billion.

Analysts polled by Thomson Reuters expected per-share profit of 71 cents and revenue of $26.29 billion.

The stock is down 3% after hours.

Posted by on January 26th, 2015 at 4:59 pm


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