Microsoft’s fourth quarter unravels, Surface RT bet a flop

Microsoft’s fourth-quarter earnings and sales missed expectations by a wide margin as the PC market slowdown and a write-down of Surface RT inventory painted a bleak picture.
The company reported fourth-quarter earnings of $4.97 billion, or 59 cents a share, on revenue of $19.9 billion. The results include a $900 million inventory write-down for Surface RT that amounts to 7 cents a share. 
Wall Street was expecting Microsoft to report fourth-quarter earnings of 75 cents a share on revenue of $20.73 billion. For the year, Microsoft reported earnings of $2.58 a share on revenue of $77.85…

Read this article: Microsoft’s fourth quarter unravels, Surface RT bet a flop

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