4 Tech Stocks Reacting To Earnings

A lot going on in the tech sector today with multiple companies reporting earnings right now including Intel Corporation (NASDAQ:INTC), Google Inc. (NASDAQ:GOOG), International Business Machine (NYSE:IBM) and Microsoft Inc. (NASDAQ:MSFT).

Intel Corporation (NASDAQ:INTC) is up in after hours today as the company reports fourth quarter revenue and profit that beat analysts’ estimates. Revenue for the quarter jumped to $13.9 billion with an EPS of $0.64. Most analysts were expecting $13.74 billion and EPS of $0.61. The company saw revenue from its PC Client group sales of microprocessors rise 17% to $9 billion. Their Data Center Group chip products were up 8% at $2.7 billion. In the current quarter, Intel is expecting revenue in the range of 12.3 billion to $13.3 billion. INTC shares are seeing a slight boost in after hours, up 0.7% at $25.80.

Google Inc. (NASDAQ:GOOG) is getting hammered right now after their fourth quarter revenue missed Wall Street target. Google saw net income rise 6.4% to $2.71, or $8.22 a share. Excluding the cost of stock options and tax benefits, Google’s fourth quarter profit was $9.50 a share. Analysts were expecting $10.49 a share. Google saw paid click volume increase 34% year over year but the average Google was paid for each click fell 8%. GOOG shares are currently down more than 8% at $587.66 in after hours trading.

International Business Machines (NYSE:IBM) earned $4.71 in the fourth quarter, beating analysts’ estimates of $4.61. The company’s revenue was $29.5 billion, slightly less than the $29.7 billion analysts were expecting. Better than expected guidance for 2012 helped send IBM shares higher in after hours. The company expects to earn at least $14.85 in 2012, beating the forecasted $14.77. IBM shares are up 2.62% at $185.25 in after hours trading.

Microsoft Corporation (NASDAQ:MSFT) saw profits fall in its fiscal second quarter due to lower computer sales. The company saw a net profit of $6.624 billion or $0.78 per share compared with $6.634 billion or $0.77 per share last year. The per share is higher as Microsoft has fewer outstanding shares in the most recent quarter. Net profit beat Wall Street’s estimates of $0.76 per share. Sales saw a 5% increase to nearly $21 billion thanks to its Office, server software and Xbox business. MSFT shares are up 2.31% at $28.77 in after hours trading.

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Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.
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