by Kyle Woodley | January 19, 2012 4:41 pm
A pair of technology sector giants headed in opposite directions after the bell rang to close out Thursday trading.
Google (NASDAQ:GOOG) 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) 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) maintained its momentum from yesterday, as a fourth-quarter earnings beat 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) 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) 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.
Kyle Woodley is the assistant editor of InvestorPlace.com. As of this writing, he did not hold a position in any of the aforementioned securities. Check out recaps from previous trading days here.
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