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Microsoft disappoints investors with funds |
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Saturday, 19 July 2008 |
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Microsoft profit for the quarter on expectations of the software giant for the following three months disappoints investors and the company's shares fell.
Net profit for the period April-June was 4.3 billion dollars, an increase of 42% over the average quarter of last year, when Microsoft paid 1 billion dollars for repair of defective Xbox 360 consoles. Profit per share was 46 cents in expectations for 47 cents.
Company revenues grew by 18% to 15.84 billion dollars, exceeding analysts forecasts for 15.65 billion dollars.
For the next quarter of Microsoft forecast revenue of between 14.7 billion and 14.9 billion dollars, but analysts hope to 15.06 billion dollars.
Shares of Microsoft fell by 6% to 25.88 dollars after the end of the regular session, during which rose by 26 cents to 27.52 dollars.
Since the company announced that its online division, which generates most of its revenues from online advertising, a loss of 488 million dollars for the quarter, nearly twice the loss for the same period of 2007.
According to analysts, the actions of Microsoft in terms of a possible deal with Yahoo - next ago, confused investors, employees and even advertisers.
Despite growth of 35% of net profit for second quarter results on Google also disappoints market because it proved better than the expectations of investors.
In Thursday Merrill Lynch also announced higher than expected loss in assets worth 9.4 billion dollars. 
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