Microsoft said today its fiscal third-quarter profit fell 11 percent compared with a year ago, when revenue from pre-sales of the new Windows...
SEATTLE — Microsoft said today its fiscal third-quarter profit fell 11 percent compared with a year ago, when revenue from pre-sales of the new Windows Vista operating system pushed up results.
Thursday’s report comes two days ahead of a deadline Microsoft has set for Yahoo Inc. to accept its buyout offer or face a likely hostile takeover.
Microsoft’s earnings for the three months ended March 31 fell to $4.39 billion, or 47 cents per share, from $4.93 billion, or 50 cents per share in the same period last year.
Excluding the impact of deferred Vista revenue from last year’s quarter, Microsoft said earnings per share rose 14 percent.
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Earnings were also depressed by 15 cents per share due to a legal fine from the European Commission.
Microsoft’s report beat Wall Street’s expectations. Analysts surveyed by Thomson Financial forecast, on average, a profit of 44 cents per share.
Revenue edged up to $14.45 billion from $14.4 billion in the year-ago quarter. Analysts were looking for $14.4 billion in sales.
Microsoft shares fell $1.25 in after-hours trading, after adding 35 cents to $31.80 during the regular session.