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With PC sales tumbling and Microsoft continuing to struggle to find its place in the mobile market, all eyes turn to the company's fiscal fourth-quarter earnings report. Analysts expected the company to report earnings of $0.75 per share on $20.74 billion in revenue after the closing bell on Thursday. The results are in and Microsoft fell short of Wall Street's expectations, posting earnings of $0.59 per share on $19.89 billion in sales. In its release, Microsoft noted that the earnings included a $900 million charge, or a $0.07 per share impact, related to the "Surface RT inventory adjustments." In the same quarter last year, the company posted EPS of $0.73 on revenue totaling $18.06 billion. Continue reading...
Via BRG - Boy Genius Report