MicroStrategy Inc. Earnings Decline 33% In Q3

(RTTNews) - MicroStrategy Inc. (MSTR) revealed a profit for third quarter that fell from last year.

The company said its earnings totaled $17.92 million, or $1.56 per share. This was down from $26.63 million, or $2.31 per share, in last year's third quarter.

Analysts had expected the company to earn $1.00 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.6% to $125.21 million. This was down from $129.90 million last year.

MicroStrategy Inc. earnings at a glance:

-Earnings (Q3): $17.92 Mln. vs. $26.63 Mln. last year. -Earnings Decline (Y-o-Y): -32.7% -EPS (Q3): $1.56 vs. $2.31 last year. -EPS Decline (Y-o-Y): -32.5% -Analysts Estimate: $1.00 -Revenue (Q3): $125.21 Mln vs. $129.90 Mln last year. -Revenue Change (Y-o-Y): -3.6%