Microsoft Q4 Results Top Estimates

(RTTNews) - Software giant Microsoft Corp. (MSFT) reported a net loss for the fourth quarter of $3.2 billion or $0.40 per share, compared to net income of $4.6 billion or $0.55 per share for the year-ago quarter.

The latest quarter results include the impact of a $7.5 billion non-cash impairment charge related to assets associated with the acquisition of the Nokia Devices and Services business, in addition to a restructuring charge of $780 million. There was also a charge of $160 million related to the previously announced integration and restructuring plan. Combined, those items totaled $8.4 billion or a $1.02 per share negative impact. Excluding that impact, adjusted earnings per share would have been $0.62.

Revenue for the fourth quarter fell 5% to $22.18 billion from $23.38 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.56 per share on revenue of $22.06 billion for the fourth quarter. Analysts' estimates typically exclude special items.