Microsoft recovers from Surface debacle strong Q1 earnings

Brad Reed
October 24, 2013
Microsoft announces even more killer Black Friday deals

Microsoft’s last earnings report was not the company’s brightest hour. Not only did it miss analysts’ expectations with fiscal fourth-quarter earnings of $0.59 per share on $19.89 billion in sales, but it also had to write off a $900 million loss related unsold Surface tablet inventory. The Street’s expectations were more tempered this time around, with the consensus forecast projecting EPS of $0.54 on revenue of $17.8 billion in Microsoft’s first fiscal 2014 quarter as the company looks to find its footing in the mobile market. The company on Thursday beat expectations when it announced a Q1 2014 profit of $0.62 per share on revenue that totaled $18.53 billion.

Developing…


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