(Bloomberg) -- Microsoft Corp. said earnings fell short of analysts’ estimates, as the company’s plan to restore growth by focusing on cloud software hit a speed bump with a weak personal-computer market pulling down results. The company was also hit by a higher tax rate in the period.
Profit excluding certain items was 62 cents a share, and sales adjusted for deferrals were $22.1 billion, in the fiscal third quarter, which ended March 31, Microsoft said in a statement Thursday. Analysts on average estimated profit would be 64 cents on revenue of $22.1 billion, according to data compiled by Bloomberg. Analysts’ estimates didn’t include the one-time tax.
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