Microsoft Beats, But… (MSFT)
April 24, 2008 by Douglas A. McIntyreMicrosoft Corp. (NASDAQ: MSFT) just reported earnings after the close and the software giant posted $0.47 EPS on $14.45 Billion in revenues. First Call had estimates at $0.44 EPS on $14.5 Billion in revenues.
The company gave guidance of $0.45 to $0.48 EPS on $15.5 to $15.8 Billion in Revenues. For fiscal 2009 it gave guidance of $2.13 to $2.19 EPS on $66.9 to $68 Billion in revenues.
First Call expects Ballmer-Gates & Co. is expected to post $0.48 EPS and $15.56 Billion in revenues next quarter, which also marks its June-2008 fiscal year end. For fiscal June-2009, the estimates are $2.10 EPS on $66.5 Billion in revenues.
Unfortunately, many of the individual metrics for the company did not come right in with expectations.
Entertainment and Devices showed a 68% gain and it now has more than 19 million Xbox 360 consoles out, servers and tools revenue gained 18%. It also ended with more than $26.3 Billion in cash and equivalents.
Shares closed up 1.1% at $31.80 today, and shares slid by 3% initially to $30.85 in after-hours trading.
Jon C. Ogg
April 24, 2008
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.