MicroStrategy Inc. Reveals 41% Drop In Q2 Bottom Line

(RTTNews) - MicroStrategy Inc. (MSTR) reported a profit for second quarter that lost ground compared to the same period last year.

The company said its bottom line fell to $11.08 million, or $0.96 per share. This was down from $18.88 million, or $1.64 per share, in last year's second quarter.

Analysts had expected the company to earn $1.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.1% to $120.61 million. This was down from $123.14 million last year.

MicroStrategy Inc. earnings at a glance:

-Earnings (Q2): $11.08 Mln. vs. $18.88 Mln. last year. -Earnings Decline (Y-o-Y): -41.3% -EPS (Q2): $0.96 vs. $1.64 last year. -EPS Decline (Y-o-Y): -41.5% -Analysts Estimate: $1.55 -Revenue (Q2): $120.61 Mln vs. $123.14 Mln last year. -Revenue Change (Y-o-Y): -2.1%