NEW YORK (
TheStreet) -- Tech heavyweights
(MSFT - Get Report) and
(GOOG) reported their fourth, and second, quarter results, respectively, after market close, as
earnings season is in full force.
reported numbers which pleased Wall Street, as shares rose following the results. The Redmond, Wash.-based Dow component had fourth-quarter non-GAAP earnings of $6.93 billion, or 73 cents per share.
Microsoft also spoke about the
forthcoming launch of Windows 8 and Office 2013. Microsoft confirmed earlier this week the
eagerly-anticipated product will be available on Oct. 26.
Google investors rewarded the company after the search giant had strong
Excluding items, Google earned $10.12 a share on $8.36 billion in revenue in the June-ended period, up from $8.74 in the prior year's quarter. Analysts surveyed by
were looking for earnings of $10.04 a share on $8.41 billion in revenue.
The tech giant's second-quarter results are also its first since clinching its acquisition of
in May. Motorola generated $1.25 billion in revenue for the quarter.
Google shares were rising 2.69% to $609.02 in pre-market, while Microsoft shares were up 1.26% to $31.05.
Written by James Rogers, Chris Ciaccia and Nathalie Pierrepont in New York.
>To submit a news tip, send an email to:
Check out our new tech blog,
. Follow TheStreet Tech
on your wireless devices
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts