“The software giant met the Street’s reduced expectations today
when it reported revenue of $6.59 billion and earnings of 47 cents
per share, or $2.62 billion for the quarter that ended Dec.
30.”
“Analysts surveyed by First Call/Thomson Financial had been
expecting earnings of 47 cents a share and $6.5 billion in
revenue.”
“The company is appealing to investors to go easy on it since
its third-quarter financial statement isn’t going to be up to
snuff. Microsoft CFO John Connors warned, ‘We remain guarded about
the near-term economic outlook and its impact on PC demand and
technology spending.'”