Follow us:

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

April 24, 2008 at 1:19 PM

Microsoft Q3 revenue in line; earnings top analyst estimates; 2009 forecast for double-digit growth

Wall Street analysts had been expecting earnings per share of 44 cents. Microsoft just announced earnings of 47 cents a share. The company’s third quarter revenue of $14.45 billion was right in the middle of the range it forecast in January.

Looking ahead, the company issued its first forecast for fiscal 2009. For the year ending June 30, 2009, Microsoft expects:

— Revenue between $66.9 billion and $68 billion, which would be up 11 to 13 percent compared with forecast 2008 revenue of about $60.2 billion.

— Operating income between $26.7 billion to $27.4 billion, up 17 to 20 percent compared with the forecast of about $22.8 billion for the current year.

— Diluted earnings per share between $2.13 to $2.19, up 13 to 16 percent above this year’s forecast $1.89 a share.

Microsoft shares, which gained 35 cents, a bit more than 1 percent to $31.80 in regular trading today, were down to $30.28 in early after-hours trading.

Comments | More in Financial, Microsoft

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►