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 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 [...] From Bloomberg: 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., [...] 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 [...] |
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