Microsoft Surface Estimate Cut in Half to 1 Million Units at UBS
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Microsoft Corp.’s fiscal second-quarter earnings will be less than previously expected due to weak demand for personal-computers and the company’s new tablet, Surface, according to Brent Thill, an analyst at UBS AG.
Thill cut his estimate for Surface sales in half, to 1 million units for the period, which ended in December, citing “gloomy sentiment” after the holiday shopping season, he wrote in a research report today. He cut his earnings per share projection for the quarter by 8 cents to 76 cents.