Upside: Microsoft meets the Street, warns for Q3Jan 19, 2001, 00:19 (9 Talkback[s])
(Other stories by Candice McFarland)
"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.'"