Microsoft Meets Q2 Expectations, But Nokia Costs Drag Stock Down

Microsoft reported second-quarter earnings today that were exactly in line with investor expectations. The tech behemoth said it had earned 71 cents a share on revenue of $26.5 billion. Wall Street analysts had estimated that the company would earn 71 cents a share on revenue of $26.3 billion for the quarter. The results are down from 78 cents a share last year and are due to various costs, including those related to it Nokia mobile phone unit integration. Shares of the company dropped slightly on the report, although the stock has been up strongly over the last year.

This article originally appeared on Recode.net.