Microsoft Expects $0.09 Hit to Fiscal Q2 EPS From $800 Million Impairment Charge Related to GM's Cruise

MT Newswires Live

Dec 12, 2024

Microsoft (MSFT) said it expects to record an impairment charge of about $800 million in fiscal Q2 that will likely have a negative impact of roughly $0.09 on its diluted earnings per share.

The charge was not included in the Q2 guidance released on Oct. 30, the software giant said in a regulatory filing late Wednesday.

In January 2021, Microsoft announced a minority investment in General Motors (GM) unit Cruise. On Dec. 10, the automaker announced it intends to "realign its autonomous driving strategy, no longer fund Cruise's robotaxi development work, and pursue the acquisition of minority investor shares," leading to the impairment charge, the company said in the filing.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2490819409"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2490819409\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2490819409?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-12 06:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2490819409","market":"fut","top_or_hot":-1,"title":"Microsoft Expects $0.09 Hit to Fiscal Q2 EPS From $800 Million Impairment Charge Related to GM's Cruise","media":"MT Newswires Live","content":"<html><body><p> Microsoft (MSFT) said it expects to record an impairment charge of about $800 million in fiscal Q2 that will likely have a negative impact of roughly $0.09 on its diluted earnings per share.</p><p>The charge was not included in the Q2 guidance released on Oct. 30, the software giant said in a regulatory filing late Wednesday.</p><p>In January 2021, Microsoft announced a minority investment in General Motors (GM) unit Cruise. On Dec. 10, the automaker announced it intends to \"realign its autonomous driving strategy, no longer fund Cruise's robotaxi development work, and pursue the acquisition of minority investor shares,\" leading to the impairment charge, the company said in the filing.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Expects $0.09 Hit to Fiscal Q2 EPS From $800 Million Impairment Charge Related to GM's Cruise</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Expects $0.09 Hit to Fiscal Q2 EPS From $800 Million Impairment Charge Related to GM's Cruise\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-12-12 06:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Microsoft (MSFT) said it expects to record an impairment charge of about $800 million in fiscal Q2 that will likely have a negative impact of roughly $0.09 on its diluted earnings per share.</p><p>The charge was not included in the Q2 guidance released on Oct. 30, the software giant said in a regulatory filing late Wednesday.</p><p>In January 2021, Microsoft announced a minority investment in General Motors (GM) unit Cruise. On Dec. 10, the automaker announced it intends to \"realign its autonomous driving strategy, no longer fund Cruise's robotaxi development work, and pursue the acquisition of minority investor shares,\" leading to the impairment charge, the company said in the filing.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSFT","symbol_name":"微软","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2490819409","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490819409","pubTimestamp":1733956516,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Microsoft  said it expects to record an impairment charge of about $800 million in fiscal Q2 that will likely have a negative impact of roughly $0.09 on its diluted earnings per share.The charge was not included in the Q2 guidance released on Oct. 30, the software giant said in a regulatory filing late Wednesday.In January 2021, Microsoft announced a minority investment in General Motors  unit Cruise. On Dec. 10, the automaker announced it intends to \"realign its autonomous driving strategy, no longer fund Cruise's robotaxi development work, and pursue the acquisition of minority investor shares,\" leading to the impairment charge, the company said in the filing.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MSFT":"微软","GM":"通用汽车","USGW.SI":"MSFT 3xLongSG261006","USWW.SI":"MSFT 3xLongSG261204US$"},"translate_title":"微软预计，与通用汽车邮轮相关的8亿美元减值费用将使第二财季每股收益下降0.09美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USGW.SI":1,"MSFT":1,"USWW.SI":1,"GM":1},"content_text":"Microsoft (MSFT) said it expects to record an impairment charge of about $800 million in fiscal Q2 that will likely have a negative impact of roughly $0.09 on its diluted earnings per share.The charge was not included in the Q2 guidance released on Oct. 30, the software giant said in a regulatory filing late Wednesday.In January 2021, Microsoft announced a minority investment in General Motors (GM) unit Cruise. On Dec. 10, the automaker announced it intends to \"realign its autonomous driving strategy, no longer fund Cruise's robotaxi development work, and pursue the acquisition of minority investor shares,\" leading to the impairment charge, the company said in the filing.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}