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Microsoft Disappoints; Windows Sales Off
After three strong quarters and against a backdrop of heady expectations, Microsoft came in with lighter-than-expected fiscal Q3 revenues of $14.45 billion Thursday, earnings of $4.38 billion, or 47 cents a share, and operating income of $4.41 billion. Earnings were off 11% against a hard compare. Last Q3 they ballooned because of Microsoft recognized $1.67 billion in revenues and profits deferred by delays in releasing Vista.
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