Microsoft’s Q4 2013 Financial Results
On Thursday, 7/18, Microsoft reported its Q4 2013 financial results
- Q4 Net Income: The firm reported Net Income of $4.97 billion
- Write-Down: Microsoft announced a $900M write-down for reducing the price of its Surface RT tablet
- Revenue: Microsoft’s Q4 revenue came in at $19.9B, a 10% increase from Q1 2012
- Analysts Expectations: Wall Street analysts were expecting a slightly higher revenue figure of $20.7M.
Microsoft’s stock (MSFT) declined sharply after the 7/18 earnings release due to the figures coming below analysts’ market consensus. The next day, 7/19, the stock fell 11.40%.[newsletter2][/newsletter2]