Nachbörslicher Handel wurde ausgesetzt. NEW YORK (CNNfn) - Software giant Microsoft said Thursday that its fiscal second quarter financial results will fall short of previous expectations, reflecting weaker personal computer sales and a global economic slowdown.
Microsoft said its revenue for the quarter is now expected to be between $6.4 billion and $6.5 billion, while earnings per share will come in between 46 cents and 47 cents. That`s 5-6 percent below the company`s prior guidance. According to First Call, analysts had expected Microsoft to earn 49 cents a share in the second quarter.
For the full year, Microsoft expects to earn $1.80 a share and $1.82 a share with revenues projected to be in the range of $25.2 billion to $25.4 billion,also about five percent lower than previous expectations.
Actual results will be reported on Jan. 18, 2001.
"We believe, like many other technology companies, that the current weakness in worldwide economic conditions is resulting in a slowdown in PC sales, corporate IT spending, and consumer online services and advertising," John Connors, Microsoft chief financial officer said in a statement.
Microsoft shares were hatled in after-hours trade. Before the announcement, Microsoft closed at $55.50, down $1.75.
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