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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RE[2]: One word enron.
by oiaohm on Fri 22nd Jul 2011 15:19 UTC 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