By Tess Stynes
Microsoft Corp. on Monday said its earnings fell more than 10%
during the quarter ended December on costs related to its
streamlining effort and its integration of the mobile phone
business acquired from Nokia last year.
Shares fell about 2% in recent after-hours trading. Through
Monday's close, the stock has risen nearly 28% over the past 12
months,
The company's bottom line has been hit in recent quarters by
expenses related to job cuts started last summer and the Nokia
mobile phone business that it acquired in April.
The July plans included up to 18,000 jobs cuts, or about 14% of
its workforce at the time, largely to clear up overlap with the
Nokia businesses.
For the period ended Dec. 31, Microsoft reported a profit of
$5.86 billion, or 71 cents a share, down from $6.56 billion, or 78
cents a share, a year earlier. Microsoft said its per-share
earnings in the latest quarter were hurt by 2 cents from costs
related to integration and restructuring.
Revenue increased to $26.47 billion from $24.52 billion.
Microsoft, which makes most of its profit on software sales to
companies, reported that its commercial revenue grew 5% to $13.3
billion.
Analysts polled by Thomson Reuters expected per-share profit of
71 cents and revenue of $26.29 billion.
Write to Tess Stynes at tess.stynes@wsj.com
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