Microsofts FQ4 Beats Expectations, Investors Send Stock Lower On Phone Losses
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Following the bell, Microsoft reported its fiscal fourth quarter financial performance, including revenue of $22.2 billion, and adjusted earnings per share of $0.62.
The company took a stiff charge in the quarter relating to its writedown of hardware assets that it purchased from Nokia. Using normal accounting methods, Microsoft had operating income of negative $2.1 billion in the quarter. Read More