Microsoft just posted its earnings for its fourth financial quarter of 2013. The company reported revenue of $19.9 billion and earnings per share of $0.59. The Wall Street consensus was that Microsoft would report $20.74 billion in revenue and earnings per share of $0.75.
The surprise in this release is that Microsoft says it’s taking a $900 million charge «related to Surface RT inventory adjustments.» That’s quite a blow for Microsoft, which put a lot of resources into this project, which launched to middling reviews and failed to catch on with customers.
In the year-ago quarter, Microsoft reported $18.06 billion in revenue and a loss per share of $0.06 — the first quarterly loss per share in the company’s history — because of a massive writedown after its failed aQuantive acquisition.
“While our fourth quarter results were impacted by the decline in the PC market, we continue to see…
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