Google Bombs, Intel Beats — Thursday’s IP Market Recap

by Kyle Woodley | January 19, 2012 4:41 pm

IPMarketRecap Google Bombs, Intel Beats    Thursdays IP Market Recap[1]A pair of technology sector giants headed in opposite directions after the bell rang to close out Thursday trading.

Google (NASDAQ:GOOG[2]) quickly dropped 9% in early after-hours trading after the company reported fourth-quarter earnings of $9.50 per share, well short of analyst expectations for $10.49. The company’s $8.1 billion in revenues also were off target by about $300 million.

Meanwhile, Intel (NASDAQ:INTC[3]) was up a modest 1% after its Q4 earnings report, in which the company announced earnings of 69 cents per share — up 10 cents from last year and 8 cents ahead of estimates. Intel’s revenues of $13.9 billion also were up significantly from the year-ago period’s $11.5 billion.

Financials also made some waves on earnings Thursday. Morgan Stanley (NYSE:MS[4]) maintained its momentum from yesterday[5], as a fourth-quarter earnings beat[6] of 45 cents per share sent MS stock up 5.4%. Morgan Stanley also announced a new quarterly dividend of 5 cents, giving MS shares a roughly 1% yield at its current price of $18.28.

Bank of America (NYSE:BAC[7]) also got a boost from its earnings report, but much of it waned by afternoon. After reporting earnings of 15 cents per share (up from a 16-cent loss a year ago), BAC stock gained as much as 5% before finishing up a more modest 2.4% at $6.96.

After rewriting its own record books for two straight days, Apple (NASDAQ:AAPL[8]) finally cooled off, but just a little bit. After closing Wednesday at an all-time closing high of about $429 per share, it dropped down to just under $428. Still, it remains one of several appealing high-price stocks[9].

Three Up

Three Down

Kyle Woodley is the assistant editor of As of this writing, he did not hold a position in any of the aforementioned securities. Check out recaps from previous trading days here[16].

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  2. GOOG:
  3. INTC:
  4. MS:
  5. from yesterday:
  6. earnings beat:
  7. BAC:
  8. AAPL:
  9. appealing high-price stocks:
  10. FFIV:
  11. NTAP:
  12. BCS:
  13. JCI:
  14. NAV:
  15. EA:
  16. here:

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