Microsoft Shares Down 2% After In-line 2Q Earnings

Microsoft Corp. said late Monday it earned $5.86 billion, or 71 cents a share, in the fiscal second quarter, in line with analyst expectations and compared with 78 cents a share a year earlier. Revenues came in at $26.5 billion, compared with expectations of $26.3 billion, according to analysts polled by FactSet, and $24.5 billion a year earlier. The software giant Microsoft said the financial results included $243 million of integration and restructuring expenses, or 2 cents a share in negative impact, related to both Microsoft's restructuring plan announced in July 2014 and the ongoing integration of the Nokia mobile business. Shares of Microsoft retreated 2% in after-hours trading, after ending the regular trading session down 0.4%. Shares have gained 1.2% so far this year.