News

Microsoft reports fourth-quarter loss of $3.2 billion

REDMOND, Wash. (AP) _ Microsoft Corp. (MSFT) on Tuesday reported a fiscal fourth-quarter loss of $3.2 billion, after reporting a profit in the same period a year earlier.

On a per-share basis, the Redmond, Washington-based company said it had a loss of 40 cents. Earnings, adjusted for asset impairment costs, came to 62 cents per share.

The results surpassed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The software maker posted revenue of $22.18 billion in the period, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $21.98 billion.

Microsoft shares have climbed almost 2 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 3 per cent. In the final minutes of trading on Tuesday, shares hit $47.19, an increase of 13 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MSFT at http://www.zacks.com/ap/MSFT

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Keywords: Microsoft, Earnings Report, Priority Earnings