Microsoft and Google Earnings Blog Recap
NEW YORK (TheStreet) -- Tech heavyweights Microsoft (MSFT) and Google (GOOG) reported their fourth, and second, quarter results, respectively, after market close, as earnings season is in full force.
Microsoft 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 second-quarter results . 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 Thomson Reuters 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 Motorola Mobility 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. Follow @jamesjrogers Follow @Commodity_Bull Follow @NRPierrepont >To submit a news tip, send an email to: tips@thestreet.com. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
