Microsoft Corporation Q2 Profit Decreases, but beats estimates
(RTTNews) - Microsoft Corporation (MSFT) released a profit for second quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $16.43 billion, or $2.20 per share. This compares with $18.77 billion, or $2.48 per share, in last year's second quarter.
Excluding items, Microsoft Corporation reported adjusted earnings of $17.37 billion or $2.32 per share for the period.
Analysts on average had expected the company to earn $2.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
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