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Continued: Microsoft books write-down on Surface RT as 4Q revenue, earnings worse than expected

  • Article by: RYAN NAKASHIMA , AP Business Writer
  • Last update: July 18, 2013 - 7:35 PM

Net income in the April-June quarter came to $4.97 billion, or 59 cents per share, reversing a loss of $492 million a year ago when it wrote down almost the entire value of its 2007 purchase of online ad service aQuantive.

Excluding the negative 7-cents-per-share Surface charge, earnings were 66 cents per share, short of the 75 cents per share expected by analysts polled by FactSet.

Revenue grew 10 percent to $19.90 billion, also below the $20.72 million expected.

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