Microsoft Corporation (NASDAQ:MSFT) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 4.91%.
Microsoft Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 11.94% to $0.59 in the quarter versus EPS of $0.67 in the year-earlier quarter.
Revenue: Rose 10.17% to $19.9 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Microsoft Corporation reported adjusted EPS income of $0.59 per share. By that measure, the company missed the mean analyst estimate of $0.75. It missed the average revenue estimate of $20.73 billion.
Quoting Management: “While our fourth quarter results were impacted by the decline in the PC market, we continue to see strong demand for our enterprise and cloud offerings, resulting in a record unearned revenue balance this quarter. We also saw increasing consumer demand for services like Office 365, Outlook.com, Skype, and Xbox LIVE. While we have work ahead of us, we are making the focused investments needed to deliver on long-term growth opportunities like cloud services.” Said CEO Amy Hood.