All FactSet numbers are non-GAAP numbers. It is interesting that MSFT announced an earnings beat non-GAAP fueled by a recognizing of $1.9 Billion of Windows 10 revenue deferral. An amount and accounting not approved for GAAP. MSFT's gross profit margin on a GAAP basis slid from 64.6% to 61.6% Y/Y.
Tomorrow, tomorrow, there is always tomorrow...a brighter day.....
more from factset:
The Energy sector is also expected to be the largest contributor to the expected earnings decline for the entire S&P
500 for the third quarter. If this sector is excluded, the blended (combines actual results for companies that have
reported and estimated results for companies yet to report) growth rate for the S&P 500 improves to 3.3% from