Top Tech Stories of the Day: Microsoft Profit Below Estimates After Tablet Charge

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Top Tech Stories of the Day: Microsoft Profit Below Estimates After Tablet Charge

by Wochit 1:00 mins

Top Tech Stories of the Day: Microsoft Profit Below Estimates After Tablet Charge

by Wochit 1:00 mins

Microsoft Corp reported lower-than-expected quarterly earnings as slow personal computer sales ate into its Windows business and it took an unexpected $900 million charge for its inventory of unsold Surface tablets. Microsoft reported fourth-quarter earnings of $4.97 billion, or 59 cents a share, on revenue of $19.9 billion. Wall Street expected the tech giant to report fourth-quarter earnings of 75 cents a share on revenue of $20.73 billion. Stargazers crossed their fingers as NASA attempted to revive the planet-hunting Kepler probe, idled since a piece of critical equipment gave out in orbit two months ago.

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