Microsoft’s fourth quarter earnings sure look ugly, with missed analyst expectations and the company taking a $900 million charge on its Surface RT tablet inventory. The company has made a lot of big moves recently with its massive reorganization a week ago that took steps to better unify the company and get it back on track.
Now with today’s earnings we can see why Microsoft so dramatically put these moves into place. Microsoft posted disappointing earnings with revenue of 52 cents per share on revenue of $19.90 billion. The highlight of the report appears to be a reported profit of $4.97 billion.
These results missed analyst expectations. Analysts surveyed by FactSet expected to see earnings of 75 cents a share on revenue of $20.72 billion.