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Microsoft Misses On GAAP Revenue, EPS; Beats On Non-GAAP**After Using Lower Tax Rate**; Stock Soars,, LMAOOOOOOOOOOOO 

By: micro1 in POPE IV | Recommend this post (1)
Wed, 20 Jul 16 9:06 AM | 35 view(s)
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Over the past few quarters, starting with Warren Buffett's annual letter, and continuing with various WSJ reports that the SEC would crack down on the practice, there had been speculation that non-GAAP adjustments would be phased out. But not yet... because if it wasn't for non-GAAP addbacks, Microsoft would have missed badly on both the top and the bottom line.

http://www.zerohedge.com/news/2016-07-19/microsoft-misses-gaap-revenue-eps-beats-non-gaap-after-using-lower-tax-rate-stock-so




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