Ron Burgundy Posted July 22, 2014 Share Posted July 22, 2014 Microsoft Corp said on Tuesday its fiscal fourth-quarter revenue rose, beating Wall Street expectations, but its profit fell 7 percent, partly due to the effect of incorporating the handset business of Nokia. Microsoft reported quarterly profit of $4.61 billion, or 55 cents per share, compared with $4.96 billion, or 59 cents per share, in the year-ago quarter. Wall Street had expected 60 cents per share, on average, although it is not clear how analysts had factored in the performance and cost of integrating the Nokia operation, which became part of Microsoft in late April. Revenue rose 17 percent to $23.38 billion, above analysts' average estimate of $23 billion, chiefly because of additional sales from Nokia. View the full article Quote Link to comment Share on other sites More sharing options...
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