Tech stocks sink as Google and Microsoft disappoint, Dow up - Business ::
Soft-Go :: News :: Business :: Tech stocks sink as Google and Microsoft disappoint, Dow up Googles stock fell almost 10 percent, its biggest one-day
http://www.soft-go.com/article/Tech-stocks-sink-as-Google-appoint-Dow-up_20269.htmlHOME |
Shares of Microsoft and Google fell late Thursday after the two bellwethers delivered results and guidance that were less than investors were hoping for.
Google reported second-quarter earnings of $1.19 a share on net revenues of $890 million, trouncing estimates handily. But the stock fell 6% in after-hours trading after the company reminded analysts on a conference call that the third quarter is historically its weakest. That caught analysts by surprise, since the company doesn't give guidance. Microsoft Corporation News & Articles on washingtonpost.com::
Stocks Are Mixed as Tech Results Disappoint, Banks Impress. Major Investor Backs Yahoos Board. Google and Microsoft Earnings Rise but Slightly Miss Estimates
http://www.washingtonpost.com/ac2/related/topic/Microsoft+Corporation?tid=informlineHOME |
Microsoft reported pro forma earnings of 33 cents a share, beating estimates by two cents. But the software giant's sales rose 9% to $10.16 billion, just shy of $10.17 billion estimates.
Microsoft forecast September-quarter revenues of $9.7-$9.8 billion, which would be below $9.92 billion estimates. Microsoft raised its fiscal 2006 forecast, but its shares traded 2% lower after hours.
MediaFile Blog Archive Google, Microsoft augur tougher times ahead ::
This is Reuters Mediafile blog post. Mediafile covers the media, Googles second quarter earnings disappointed Wall Street yesterday and sent its
http://blogs.reuters.com/mediafile/2008/07/18/google-microugur-tougher-times-ahead/HOME |
Also after the close, Broadcom, Scientific Atlanta and SanDisk beat estimates, and Xilinx met estimates.
Stocks fell during the day after China revalued its currency and London was hit by more terrorist attacks.
The Nasdaq lost 9 to 2178, the S&P declined 8 to 1227, and the Dow fell 61 to 10,627. Volume rose to 2.13 billion shares on the NYSE, and 2.1 billion on the Nasdaq. Decliners led 22-10 on the NYSE, and 19-11 on the Nasdaq. Downside volume was 76% on the NYSE, and 54% on the Nasdaq. New highs-new lows were 245-21 on the NYSE, and 159-13 on the Nasdaq. Why Microsofts play for Yahoo! isnt about search. - By Chris Wilson ::
Microsoft is hoping to mount a challenge to Googles supremely profitable search other hand, he was disappointed by Microsofts new surface computer but could
http://www.slate.com/id/2183418/HOME |
Wall St slips after Google, Microsoft disappoint - 7/19/08::
St slips after Google, Microsoft disappoint. Reuters. Posted date: July 19, 2008. NEW YORK — US stocks fell on Friday, after disappointing results from Google Inc.
http://services.inquirer.net/print/print.php?article_id=20080719-149399HOME |
eBay soared 20% on earnings and guidance that were well ahead of Wall Street expectations.
Qualcomm, Ericsson, Cirrus and Macromedia rose on their results.
Nokia fell 11% after missing estimates, and QLogic, VeriSign, EMC, F5 and Lam Research fell on their results.
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