Microsoft Sees Q1 Expenses Of $15.2B-$15.3B Including ~$200M Of Purchase Account Adjustments, As Well As Integration And Transaction-Related costs From The Activision Acquisition; Other Income And Expenses Of $(650M); Effective Tax Rate Of ~19%
Portfolio Pulse from Benzinga Newsdesk
Microsoft projects Q1 expenses of $15.2B-$15.3B, including ~$200M in purchase account adjustments and costs related to the Activision acquisition. Other income and expenses are estimated at $(650M) with an effective tax rate of ~19%.
July 30, 2024 | 11:55 pm
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Microsoft expects Q1 expenses between $15.2B and $15.3B, including ~$200M in purchase account adjustments and costs from the Activision acquisition. Other income and expenses are projected at $(650M) with an effective tax rate of ~19%.
The projected high expenses and negative other income and expenses could weigh on Microsoft's short-term stock performance. The costs related to the Activision acquisition and a relatively high effective tax rate add to the financial burden.
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