Microsoft Profit Down 18%, Which Is Better Than Anybody Expected
By Gizmodo at 23 October, 2009, 11:47 pm
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 ]
Read the rest here:
Microsoft Profit Down 18%, Which Is Better Than Anybody Expected
Categories :
Tech
No comments yet.