Microsoft (NASDAQ:MSFT) announced that profit dropped by 22 percent in its most recent quarter due to revenue deferral from the sale of the upcoming Windows 8 operating system. Net income was $4.47 billion, or 53 cents per share, down from $5.7 billion, or 68 cents per share, in the same period last year. Analysts had expected earnings of 56 cents per share. Revenue fell by 8 percent to $16 billion, missing estimates of $16.5 billion.
Sales were also impacted by low PC demand, with chipmakers Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD) experiencing weaker earnings and lowering outlook as consumers shift towards tablets.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.