Tag Archives: msft

Google, Amazon, Starbucks, Microsoft Move Late On EPS

The flood of earnings continued after the market close, with Google (GOOGL), Starbucks (SBUX), Microsoft (MSFT) and other big names headlining the late action. Investors cheered the results, even those that didn’t beat estimates. Google Feels Dollar Impact Google, the world’s search giant, earned $6.57 a share excluding various items, up 5% vs. a year earlier but missing Q1 views by 3 cents. Revenue rose 12% to $15.4 billion. Core revenue, which

Microsoft surprises Wall Street with big Q3 beat

Microsoft late Thursday beat Wall Street’s expectations for its fiscal third-quarter sales and earnings by a wide margin. But it was still the company’s second straight quarter of declining earnings per share and single-digit sales growth as sluggish PC sales continue to drag on the software leader. For the quarter ended March 31, Microsoft earned 61 cents, down 10% year over year, on sales of $21.73 billion, up 6%. Wall Street was bracing for the worst. Analysts polled by Thomson Reuters expected Microsoft (MSFT) to earn 51 cents a share, down 25%, on sales of $21.08 billion, up 3%. Microsoft’s fiscal Q3 results included $190 million in integration and restructuring expenses, or a 1 cent per share negative impact, related to Microsoft’s corporate restructuring plan announced last July and the ongoing integration of the Nokia phone business. Excluding the impact of foreign exchange rate headwinds, EPS would have been down …