Microsoft earnings fall 22%; sales also down
Microsoft Corp. (NASDAQ:MSFT) on Thursday reported a fiscal first-quarter profit of $4.47 billion, or 53 cents a share, on revenue of $16 billion. During the same period a year ago, the software giant earned $5.74 billion, or 68 cents a share, on $17.37 billion in revenue. Analysts surveyed by FactSet had forecast Microsoft to earn 56 cents a share on $16.5 billion in sales for the [...]
Jim Chanos, who oversees $6 billion as the founder and president at Kynikos Associates Ltd., said he’s skeptical on Apple Inc. after the shares surged 71 percent this year.
Chanos prefers owning Microsoft Corp. (MSFT) to hedge wagers on declines in companies such as Hewlett-Packard Co., he said in an interview on Bloomberg Television’s “In the Loop” with Betty Liu. The money manager, who rose to fame shorting Enron Corp., [...]
Falling behind in the tablet and e-reader market, Microsoft is dishing out major cash in a technology arena long dominated by the likes of Apple and Amazon.
The company will invest $300million in Barnes & Noble’s Nook e-reader in an effort to gain ground in the fast-growing e-books market – and give the bookseller more firepower to compete against the iPad and the Kindle.
The move comes as Microsoft is looking to [...]
Microsoft Corp. (MSFT)’s Windows sales slumped last quarter as the iPad crimped demand for consumer laptops, marking the first time in 20 years that the software maker reported a smaller quarterly profit than Apple Inc. (AAPL)
Revenue in Microsoft’s Windows division fell 4.4 percent to $4.45 billion, the Redmond, Washington-based company said yesterday in a statement. That missed the $4.6 billion average prediction of analysts surveyed by Bloomberg. Net income was [...]