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Mixed day for stocks as Trump hits out at Fed chief for refusal to cut rates
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The Independent
Quarterly sales rose 2.8% year on year to 4.21 billion US dollars, lower than analysts’ estimate of 4.24 billion dollars.
Adjusted Ebitda was 1.90 billion dollars, lower than the forecast of 1.93 billion dollars.
However, its full-year guidance at the midpoint was for 17.05 billion dollars in revenue and 7.7 billion dollars in Ebitda, in line with market expectations.
However, More Personal Computing revenue declined 3% on-year to 14.3 billion dollars (£10.36 billion), and missed the 14.38 billion dollar (£10.42 billion) StreetAccount consensus.
Revenue jumped 24% to 59.89 billion dollars (£43.41 billion), topping 58.38 billion dollars (£42.31 billion) VA consensus.