Linked by Thom Holwerda on Thu 21st Jul 2011 23:24 UTC
Microsoft "Microsoft Corp. today announced record fourth-quarter revenue of $17.37 billion for the quarter ended June 30, 2011, an 8% increase from the same period of the prior year. Operating income, net income, and diluted earnings per share for the quarter were $6.17 billion, $5.87 billion, and $0.69 per share, which represented increases of 4%, 30%, and 35%, respectively, when compared with the prior year period. For the fiscal year ended June 30, 2011, Microsoft reported record revenue of $69.94 billion, a 12% increase from the prior year. Operating income, net income, and diluted earnings per share for the year were $27.16 billion, $23.15 billion, and $2.69, which represented increases of 13%, 23%, and 28%, respectively, when compared with the prior year."
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One word enron.
by oiaohm on Fri 22nd Jul 2011 08:49 UTC
oiaohm
Member since:
2009-05-30

Unaudited reports are not worth a cracker.

Those reports are not up to the normal grade has been submitted to the stock market in the past.

www.microsoft.com Ok why are they releasing reports that are not up to their normal standard.

This kind of behavior was early actions that showed problems with enron.

Lets wait for the Audited verisons before making any claims on profits. Yes there is a chance after auditing it could be different numbers completely.

Reply Score: 1

RE: One word enron.
by Bobthearch on Fri 22nd Jul 2011 14:21 in reply to "One word enron."
Bobthearch Member since:
2006-01-27

Comparing Microsoft to Enron? Nice try, troll.

Last year MS released form 8-K the "Current Report" on July 22. The audited Annual Report, form 10-K, was released on July 30. The earnings and profit numbers are identical between the two reports.

If they do the same this year, it's only one week until the audited report is available. You really think Microsoft will alter their earnings significantly between now and the end of the month? When have they previously done so?

And how is this year's form 8-K Current Report not up to the "normal standards" of previous years'?

Edited 2011-07-22 14:29 UTC

Reply Parent Score: 1

RE[2]: One word enron.
by oiaohm on Fri 22nd Jul 2011 15:19 in reply to "RE: One word enron."
oiaohm Member since:
2009-05-30

"You really think Microsoft will alter their earnings significantly between now and the end of the month? When have they previously done so?"

Early 2000 one of the reports did have a error. It was a under report back then. Simple fact most normal companies don't go press nuts until they have the 10-K in their hands prevents egg on face as well.

Yes unless there is a error they should be the same. Errors are not impossible this is why the requirement to audit exists.

Its very Enron to be using the 8-K report. Yes it was Enron that made to common for a while for 8-K reports to be sent to press before 10-K were ready.

Really waiting a few weeks for the 10-K before doing assessments is the 100 percent wise thing todo.

Edited 2011-07-22 15:20 UTC

Reply Parent Score: 2

RE[2]: One word enron.
by Jennimc on Fri 22nd Jul 2011 17:40 in reply to "RE: One word enron."
Jennimc Member since:
2011-06-22

You really think Microsoft will alter their earnings significantly between now and the end of the month? When have they previously done so?


http://www.wired.com/techbiz/media/news/2002/05/52867

Reply Parent Score: 0