=MicroStrategy (MSTR) reported earnings on Thur 27 July 2017 (a/h)

• MicroStrategy reported second-quarter revenue of $120.6 million, down 2.1% year over year and about $4.6 million below the average analyst estimate. Product licenses and subscription services revenue dropped 12.1% to $27.5 million, while product support revenue fell 1% to $70.8 million and other services revenue rose 9.4% to $22.4 million.
• Earnings came in at $0.96 per share, down from $1.64 per share during the prior-year period and a whopping $0.59 below analyst expectations. A decline in gross margin and an increase in operating costs, coupled with the lower revenue, drove earnings lower.

TYSONS CORNER, Va. (AP) _ MicroStrategy Inc. (MSTR) on Thursday reported second-quarter profit of $11.1 million.

On a per-share basis, the Tysons Corner, Virginia-based company said it had net income of 96 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.

The business software company posted revenue of $120.6 million in the period.

MicroStrategy shares have decreased 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $189.18, a climb of slightly more than 3 percent in the last 12 months.