Microsoft Estimates Cut On “Deteriorating Fundamentals” (MSFT)


A miserable economy with tight credit and poor PC sales means Microsoft’s (MSFT) “fundamentals are deteriorating,” says Citi’s Brent Thill, who cut his estimates on the software giant.

New estimates: FY09 Revenue +3% (was +9%, guidance is +7-10%), EPS $1.88 (was $2.06, guidance is $2.00-$2.10).

Earlier this month, UBS’s Heather Bellini also warned Microsoft might miss its sales and profit forecasts.

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