Thursday, February 29, 2024

Microsoft Reports First Loss as Public Company

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MercuryNews: For the first since it went public in March 1986, Microsoft has posted a quarterly loss. As it had warned, the company took a $6.2 billion charge related to its purchase of online ad service aQuantive. As a result, the company reported a loss of $492 million, or 6 cents a share. Revenue for the period climbed 4 percent to reach $18.06 billion.

Without the aQuantive charge and some similar charges, Microsoft would have earned 73 cents per share, which beat analyst estimates of 62 cents per share.

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