Goldman Sachs analyst Heather Bellini today released a report, Microsoft is the end of December on the second-quarter results to comments. Previously, Microsoft has warned that weaker PC growth will affect the company’s performance. Bellini said that Microsoft two-quarter revenue of $ 20.8 billion, earnings per share of 75 cents. Yesterday she also warned that this estimate may be too high.
Bellini said in the report: “For the 2012 fiscal year, three-quarter, fiscal year 2012 (ending the year ended June), we expected to be below consensus estimate, we see that, according to the results of the December quarter, Wall Street’s lowered expectations, and we checked, it was found in Europe (except Germany, outside) weak demand, the enterprise budget in 2012 the conservative side due to floods in Thailand, PC shipments weakness will continue to enlarge, it will affect where in March 2012 quarter of the Windows performance. ”
Bellini will be Microsoft’s stock rating to neutral, target price of $ 29.