This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7513159.stm
The article has changed 4 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| Microsoft results hit its shares | Microsoft results hit its shares |
| (about 9 hours later) | |
| Microsoft's quarterly earnings, and the software company's predictions for the next three-month period, have come in worse than many analysts expected. | Microsoft's quarterly earnings, and the software company's predictions for the next three-month period, have come in worse than many analysts expected. |
| Net profit was $4.3bn (£2.2bn) in April to June. That is 41% higher than a year earlier, when Microsoft took a $1bn charge to fix faulty Xbox 360 consoles. | Net profit was $4.3bn (£2.2bn) in April to June. That is 41% higher than a year earlier, when Microsoft took a $1bn charge to fix faulty Xbox 360 consoles. |
| For the current quarter, it predicted earnings of 47 to 48 cents per share, less than the expected 49 cents. | For the current quarter, it predicted earnings of 47 to 48 cents per share, less than the expected 49 cents. |
| Microsoft shares tumbled 5.89% to close at $25.86. | |
| Takeover attempts | Takeover attempts |
| Microsoft said that its online division, which makes most of its money from online advertising, lost $488m in the quarter. | Microsoft said that its online division, which makes most of its money from online advertising, lost $488m in the quarter. |
| That figure was almost double its loss for the same period of 2007. | That figure was almost double its loss for the same period of 2007. |
| "This is the area where we're seeing direct impact from the economic slowdown," said Microsoft's chief financial officer Chris Liddell. | "This is the area where we're seeing direct impact from the economic slowdown," said Microsoft's chief financial officer Chris Liddell. |
| Microsoft has spent much of this year trying to buy Yahoo and made its latest attempt via a joint offer with the investor Carl Icahn last weekend. | Microsoft has spent much of this year trying to buy Yahoo and made its latest attempt via a joint offer with the investor Carl Icahn last weekend. |
| "It's back and forth with Yahoo and Microsoft every day," said Sid Parakh, an analyst at McAdams, Wright, Ragen. | "It's back and forth with Yahoo and Microsoft every day," said Sid Parakh, an analyst at McAdams, Wright, Ragen. |
| "That's distracting for investors and employees and even advertisers." | "That's distracting for investors and employees and even advertisers." |