Wednesday Weirdness – Microsoft Rallies 5% After Failing The GAAP
July 20, 2016 at 14:42 PM EDT
MSFT's GAAP Revenue was $20.6Bn and GAAP Earnings were 0.39 per share. MSFT also made non-GAAP (non-Generally Accepted) adjustments to their taxes and reports that they will only pay $225M on $3.3Bn in earnings (7%).
