Microsoft reported its fourth quarter earnings after the U.S. stock markets closed Monday evening. The company reported an 8.1% rise in revenue to $26.5 billion from $24.5 billion last year. Earnings declined to $5.86 billion or 71 cents a share, down 9% from $6.56 billion or 78 cents a share the prior year. Wall Street had it right on as analysts were looking for net to come in at 71 cents a share. Earnings were negatively affected by the $7 billion acquisition of Nokia Devices and Services.
The company was hurt by the stronger dollar, which means that foreign currency received from ...
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