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Politics : Formerly About Applied Materials

AMAT 223.95

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To: derek cao who wrote (18140)	3/24/1998 6:33:00 PM
From: derek cao	Read Replies (1) of 70976

Microsoft says Q3 net to beat estimates Reuters, Tuesday, March 24, 1998 at 18:21 SEATTLE, March 24 (Reuters) - Microsoft Corp. (NASDAQ:MSFT) earnings for its current fiscal third quarter will beat analyst expectations by about 9 percent due to strong sales and declining expenses, chief financial officer Greg Maffei said Tuesday. Maffei said in a conference call with reporters and analysts he expects earnings of about $0.48 a share, compared with the consensus estimate of $0.44 and the $0.40 posted a year ago. Maffei said revenues for the current quarter ending June 30 would be 17 to 18 percent higher than the $3.2 billion posted in the comparable year-earlier period. Maffei also expected earnings for the fourth quarter ending June 30 to be slightly lower than the third-quarter, although still "several pennies" above the consensus estimate of $0.43 per share. He cautioned that the current quarter could represent the best quarter of calendar 1998 in terms of earnings as growth continues to slow. Maffei said that, while Microsoft's Asia business has not worsened recently, there is little evidence of improvement and the company remains cautious about prospects for the region. He also cautioned about the potential for slowing sales of Office and of personal computers in general. Copyright 1998, Reuters News Service

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