Microsoft Profit Down 18%, Which Is Better Than Anybody Expected

2:47AM October 24, 2009 | Matt Buchanan

Microsoft’s earnings don’t look rosy: Revenue’s down 14 per cent from last year, at $US12.92 billion, and net income’s down 18 per cent, to $US3.57 billion. But, that’s way better than anybody was estimating, which sent their stock up. Until CNBC screwed up the numbers, and immediately tanked the stock, costing people a lot of money. Fun time! [Microsoft, Alley Insider]


Be the first to comment on this post!

Post Your Comments