MicroStrategy Inc. Profit Declines 30% In Q1

(RTTNews) - MicroStrategy Inc. (MSTR) revealed earnings for first quarter that decreased from last year.

The company said its profit came in at $14.27 million, or $1.24 per share. This was lower than $20.46 million, or $1.79 per share, in last year's first quarter.

Analysts had expected the company to earn $1.90 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.9% to $119.02 million. This was down from $123.87 million last year.

MicroStrategy Inc. earnings at a glance:

-Earnings (Q1): $14.27 Mln. vs. $20.46 Mln. last year. -Earnings Decline (Y-o-Y): -30.3% -EPS (Q1): $1.24 vs. $1.79 last year. -EPS Decline (Y-o-Y): -30.7% -Analysts Estimate: $1.90 -Revenue (Q1): $119.02 Mln vs. $123.87 Mln last year. -Revenue Change (Y-o-Y): -3.9%

-Guidance: Full year EPS guidance: $1.38 - $1.47 Full year revenue guidance: $1.575 - $1.675 Bln