Techquity: Google misses, how Verizon results may help Apple
Thursday, July 18, 2013 - 03:45
July 18 - Google posts earnings that miss forecasts. Plus how Verizon's results could bode well for Apple.
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Google misses forecasts. The search giant not even close with quarterly results. Profit more than one dollar pressure light while revenue came in at under asked. However both -- as did rise significantly from the same period last year. CEO Larry Page that the ship from one screen to multiple screens and mobility creates tremendous opportunity for the company. Shares closed at 910 dollars and 68 cents and are down about -- percent in after hours trading. We'll have this reaction and more on Friday equity. You may think rise in second quarter earnings today revenues were lower than analysts expected investors weren't impressed sending the stock down. But -- Iran Feinstein in the mix there was relatively strong growth at Verizon Wireless and this is that for apple. Apple's iPhone made up 51%. Of Verizon second quarter Smartphone sales. This means the company sold nearly four million iphones BT IG analyst Walter high -- says this is higher than -- estimate. This report comes one day after we told you about it Morgan Stanley analyst to increase estimate for iPhone sales so maybe she went on to something. Apple reports results after the closing bell Tuesday shares up actually their mortgage and 32 dollars. So that -- house the cars the company's original series getting an Emmy nomination for best drama. While -- Kevin Spacey and Robin Wright were nominated for best actor and actress. Netflix offered subscribers the chance to download all thirteen episodes of the series on its birthday. Not -- also getting any nominations for its version of Arrested Development. The series fox canceled in 2006. Which Netflix brought back -- fifteen episodes for thriller plot -- The company's chief content officer -- that Abbott today. The lines are forever blurred between TV and the Internet it's about what's on the screen. And prove that the tech company doesn't know about TV. Shares up actually today but -- the top performer in the S&P 500 this year nearly tripling in value. Michael bell has one Robertson shareholders and not enough to win his bid for doubt. Sources -- State Street Vanguard Group and black rock and in favor of the founders buyout. Initially think it would oppose it but he was still a few votes shy of sealing the deal this morning so the -- has been postponed to Wednesday. -- like I'm not happy about that he said Dell has no right to delay yet. He needs Michael -- proposal to get rejected before shareholders can take up -- offer which she estimate is worth it -- and half to eighteen dollars per share. But analysts are more confident now than Michael Dell's deal would get enough votes to come out a winner. Shares up more than 2% today -- still below the thirteen 65 -- prize. Starring and sputtering time first -- is Overstock.Com. Online retailer posted second quarter earnings that beat analysts' estimates helped by bigger orders shifted to higher margin products. -- warehousing costs look out eBay and -- got. Shares up over 22%. Sputtering down is Intel the stocks slid over 4%. The chipmaker cut its full full year revenue forecast and said its ailing back capital spending because a painful PC sales. That's equity this Thursday you can follow us on Twitter and RT -- -- -- but he. I'm just right not bad this is Reuters.
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