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Microsoft Q4 profits likely to be wiped out by $6.2 bn charge

Microsoft Q4 profits likely to be wiped out by $6.2 bn charge

03 July 2012 11:31 (UTC +04:00)

Baku â€“ APA-Economics. Microsoft is absorbing a $6.2 billion charge to reflect that one of the biggest deals in its 37-year history turned out to be a dud.

The non-cash charge announced Monday could saddle Microsoft with a loss for its fiscal fourth quarter ended in June. Analysts polled by FactSet had predicted Microsoft would earn about $5.3 billion for the period. The company hasnâ€™t suffered a quarterly loss during the past 20 years, according to its website.

Microsoft, which is based in Redmond, Washington state, is scheduled to release its latest quarterly results on July 19.

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