This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Google, IBM, RIM, Apple: Tech Premarket

Stocks in this article: GOOG IBM RIMM AAPL CHKP FB TXN

NEW YORK ( TheStreet) -- Google (GOOG) shares climbed almost 5% in premarket trading on Wednesday after its fourth-quarter results soared past Wall Street's earnings forecast.

The search giant reported Tuesday revenue of $11.3 billion, excluding traffic acquisition costs (TAC) and earnings of $10.65 a share. Excluding TAC, Google brought in revenue of $14.42 billion, a 36% hike on the prior year's quarter.

Analysts surveyed by Thomson Reuters were looking for revenue of $12.3 billion and earnings of $10.49 a share.

Cost-per-click, a key metric for the company's ad revenue, slipped 6% year-over-year, but climbed 2% sequentially, much to the delight of investors.

Google shares rose 4.85% to $736.99 before market open.

IBM (IBM) was another gainer, rising more than 4% after the tech giant beat Wall Street's estimates in its own fourth-quarter results, released on Tuesday.

Big Blue reported revenue of $29.3 billion, down from $29.5 billion in the same period last year, but above analysts' estimates of $29.09 billion. Excluding items, IBM earned $5.39 a share, up from $4.71 a share in the prior year's quarter. Analysts surveyed by Thomson Reuters were looking for earnings of $5.25 a share.

The company's results were boosted by strength in its software business. Compared to the same period last year, IBM's software revenue increased 3% (or 4% adjusted for currency) to $7.9 billion.

IBM shares climbed 4.24% to $204.4 in premarket trading.

Research In Motion (RIMM) shares were also heading higher, rising 1.01% to $18.07, after closing up 13.01% during the most recent trading session.

The company's shares surged on Tuesday after CEO Thorsten Heins told German newspaper Die Welt that he may license the BlackBerry OS to other manufacturers.

Rumors continue to swirl around RIM's forthcoming BlackBerry 10 devices, which the company will unveil at an event on Jan. 30.

Facebook (FB) also continued its recent momentum, rising 1.08% to $31.06 after closing up 3.6% on Wednesday.

Shares of Check Point Software (CHKP) rose 0.35% to $48.14 as investors digested the security specialist's fourth-quarter results, released early on Wednesday.

Check Point reported revenue of $368.6 million, a 3% increase on the prior year's quarter and earnings, excluding items, of 91 cents a share, an 8% year-over-year hike. While the company's earnings beat Wall Street's forecast of 88 cents a share, analysts surveyed by Yahoo! Finance were looking for sales of $373.74 million.

Texas Instruments (TXN) shares dipped 0.78% to $33.20 after the semiconductor specialist beat analysts' fourth-quarter estimates, but warned of weak demand.

Apple (AAPL) shares rose 0.17% to $505.65 in premarket trading after closing up 0.95% on Wednesday. The iPhone maker reports its fiscal first-quarter results after market close.

TheStreet will be live-blogging Apple's earnings announcement, starting at 3:45 p.m. EST:

--Written by James Rogers in New York.

>To submit a news tip, send an email to:

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim 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
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David 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
Dividend Stock Advisor
Try it NOW

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
Real Money Pro
Try it NOW

All 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 Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our 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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,908.70 +103.90 0.58%
S&P 500 2,074.84 +4.19 0.20%
NASDAQ 4,776.60 +11.22 0.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs