MicroStrategy Inc. Q2 Profit Retreats 16%

(RTTNews) - MicroStrategy Inc. (MSTR) released earnings for second quarter that retreated compared to the same period last year.

The company said its bottom line totaled $18.88 million, or $1.64 per share. This was down from $22.47 million, or $1.95 per share, in last year's second quarter.

Analysts had expected the company to earn $2.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.4% to $123.14 million. This was down from $132.94 million last year.

MicroStrategy Inc. earnings at a glance:

-Earnings (Q2): $18.88 Mln. vs. $22.47 Mln. last year. -Earnings Decline (Y-o-Y): -16.0% -EPS (Q2): $1.64 vs. $1.95 last year. -EPS Decline (Y-o-Y): -15.9% -Analysts Estimate: $2.10 -Revenue (Q2): $123.14 Mln vs. $132.94 Mln last year. -Revenue Change (Y-o-Y): -7.4%