Microsoft: Earnings Will Fall Short
REDMOND, Wash., Dec 14, 2000 (AP Online via COMTEX) -- Microsoft Corp. warned Thursday that its second-quarter revenue
and profits will be 5 percent to 6 percent lower than previous estimates because of a worldwide slowdown in computer sales.
Shares initially fell 6 percent in after-hours trading on the news.
Revenue for the quarter ended Dec. 31 is now expected to be \$6.4 billion to \$6.5 billion, with earnings per share of 46 cents or 47
cents, Microsoft said in a statement.
Analysts surveyed by First Call/Thomson Financial were expecting 49 cents per share.
For the fiscal year ending in June, Microsoft now expects revenues of \$25.2 billion to \$25.4 billion, about 5 percent lower than
previously expected. Earnings per share will be about \$1.80 to \$1.82; analysts were expecting \$1.91.
Microsoft will report its actual results for the quarter on Jan. 18.
"We believe, like many other technology companies, that the current weakness in worldwide economic conditions is resulting in a
slowdown in PC sales, corporate IT spending, and consumer online services and advertising," said John Connors, Microsoft`s chief
financial officer.
"However, while our short-term results will continue to be affected by the current economic environment, our long-term outlook on
the information technology market and the PC industry remains positive."
Microsoft finished regular trading at \$55.50 a share, down \$1.75 or about 3 percent, on the Nasdaq Stock Market, but fell another
\$3.50 to \$52 during after-hours trading.
Copyright 2000 Associated Press, All rights reserved
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REDMOND, Wash., Dec 14, 2000 (AP Online via COMTEX) -- Microsoft Corp. warned Thursday that its second-quarter revenue
and profits will be 5 percent to 6 percent lower than previous estimates because of a worldwide slowdown in computer sales.
Shares initially fell 6 percent in after-hours trading on the news.
Revenue for the quarter ended Dec. 31 is now expected to be \$6.4 billion to \$6.5 billion, with earnings per share of 46 cents or 47
cents, Microsoft said in a statement.
Analysts surveyed by First Call/Thomson Financial were expecting 49 cents per share.
For the fiscal year ending in June, Microsoft now expects revenues of \$25.2 billion to \$25.4 billion, about 5 percent lower than
previously expected. Earnings per share will be about \$1.80 to \$1.82; analysts were expecting \$1.91.
Microsoft will report its actual results for the quarter on Jan. 18.
"We believe, like many other technology companies, that the current weakness in worldwide economic conditions is resulting in a
slowdown in PC sales, corporate IT spending, and consumer online services and advertising," said John Connors, Microsoft`s chief
financial officer.
"However, while our short-term results will continue to be affected by the current economic environment, our long-term outlook on
the information technology market and the PC industry remains positive."
Microsoft finished regular trading at \$55.50 a share, down \$1.75 or about 3 percent, on the Nasdaq Stock Market, but fell another
\$3.50 to \$52 during after-hours trading.
Copyright 2000 Associated Press, All rights reserved
-----------------
aktuell -6 % bei island.com
Fluffy