Microsoft posts higher earnings
EmptyMicrosoft posted a fiscal fourth-quarter profit that narrowly missed expectations, then offered weak guidance, sending its stock lower in after-hours trading.
The company said it earned $4.3 billion, up from $3 billion a year ago. On a per-share basis, it earned 46 cents, a penny less than analysts expected.
Revenue rose 18% to $15.84 billion, enough for COO Kevin Turner to crow that the company topped $60 billion in annual revenue, which he called "an outstanding accomplishment."
Microsoft's fastest-growing business during the quarter and the full year was its entertainment and devices division, where revenue climbed 37% to $1.6 billion in the fiscal fourth quarter. The division's revenue was up 34% to $8.1 billion for the fiscal year.
Microsoft shares, up 1% to $27.52 during the regular session, tumbled 6% after hours. (partialdiff)