Microsoft's first quarter beats expectations
InternetNews | at | by Mike
A day after Microsoft delivered Windows 7, the company reported results for its first quarter of fiscal 2010 this morning that topped analysts' expectations, though revenues were down significantly from the same period last year.
For the quarter ended Sept. 30, Microsoft posted $3.57 billion in net income -- a drop of 18 percent from a year ago -- with earnings per share totaling $0.40.
That's well above Wall Street expectations: Thomson Financial consensus had analysts projecting Microsoft to deliver EPS of $0.32 for the quarter -- down slightly from $0.34 the company delivered in the previous quarter, and a considerable drop from same time last year when Microsoft brought in $0.48 EPS.