As recently as April 5 the average analyst estimate was 76 cents. Profit was boosted by some deferred revenue from its Windows, Office and video game operations, but cut severely by a $US733 million fine by European antitrust regulators for breaking promises relating to expanding the choice of Internet browsers on Windows.
Overall, sales rose to $US20.5 billion from $US17.4 billion a year ago, in line with analysts' estimates. "There's nothing in the report that's going to make the stock break out of the range that it's been in," said Colin Gillis, an analyst at BGC. "The stock's trading at $US29.11 - what we were at 11 years ago."
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