Highlight:
Microsoft reported more than $1 billion in deferred revenue tied to delays in the launch of the Windows Vista operating system.
Outlook:
1. Microsoft upped its fiscal Q4 guidance to a profit of $0.45 to $0.48 per share, at or below Wall Street's current view for $0.48 per share.
2. Company forecast $15.5 billion to $15.8 billion in sales. Analysts are expecting revenue of $15.56 billion.
3. Microsoft's first guidance for next fiscal year: profit of $2.13 to $2.19 per share, on sales from $66.9 billion to $68.0 billion. Wall Street is currently looking for a profit of $2.10 per share on $66.52 billion in sales.
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