Microsoft announced quarterly earnings on Tuesday that met revenue expectations, but missed on earnings. The company’s shares fell slightly in after-hours trading. The company reported $23.38 billion in revenue and earnings per share of $0.55.
Analysts were expecting earnings of 38 cents a share on revenue of $250.8 million, according to Thomson Financial. The company also said it plans to buy back up to $200 million worth of stock by.
Gaming revenue on this segment for the quarter was down 3%, to $3.595 billion, with Microsoft attributing lower console pricing and lower console sales as responsible to the decline. Microsoft has found strong growth in their digital ecosystem though, with Xbox software and services growing.
In 2005, homes were earning about 2.5%, expected inflation was about 2.5%, and 30 year mortgages were running about 6%. You get the idea. Home returns and inflation generally added up to something in the ballpark of 30 year mortgage rates. The returns in 2005 were a little on the low side, but within historical ranges.
Home. Q: 1. Write a subroutine named Sub OddIntegers Display that asks for a positive integer with an InputBox. First, check to make sure the integer is positive.
7.6 Million Borrowers Underwater on Mortgages: Study Cut in Federal Mortgage Insurance Premiums Provides Another Great Opportunity for Home Buyers. As the CEO of a company that has been in the mortgage business since 1951, I applauded President Obama’s recent announcement of a major new step to make mortgages more affordable and accessible for creditworthy families.
· Alcoa off 0.7% after 1Q profit dropped 54%, AMD fell 4.9% on news it will cut 10% of its work force, plus reducing 1Q revenue forecast below market expectations; Intel also lost 3.1%. Homebuilder Lennar down 8.3%, KB Home down 4.9% after february home-sales data fell shy of expectations Dow off 0.3%, Nasdaq down 0.7%, Philly semicons down 2.8%.
Yahoo bested analysts’ expectations in the fourth quarter as it reported earning $0.32 per share and $1.22 billion in revenue on Monday. Analysts had estimated the internet portal to report a profit of $0.27 per share on revenue of $1.21 billion, according to a poll by Thomson Reuters.
The social networking site pulled in $272 million in revenue in 2008 but lost $55 million, according to Facebook’s S-1 document. In 2009, it swung to a profit of $262 million after increasing its revenue nearly three-fold to $777 million. Facebook is now solidly profitable.
Earnings Release FY18 Q1. Revenue. us-gaap:SalesRevenueNet msft:ProductivityAndBusinessProcessesMember. Productivity and Business Processes.
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· Last week, KB Home (NYSE:KBH – news) also said it was concerned about the fall-out from the subprime crisis. During the quarter, Lennar recorded a gain of about $175.9 million for the sale of a stake in its LandSource, a land and development company, and incurred charges of about $92 million for lower value of the land.