Google Bombs, Intel Beats — Thursday’s IP Market Recap
by Kyle Woodley | January 19, 2012 4:41 pm
[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
- F5 Networks (NASDAQ:FFIV[10]): Up 10.6% ($11.54) to $120.
- NetApp (NASDAQ:NTAP[11]): Up 8.3% ($2.86) to $37.51.
- Barclays (NYSE:BCS[12]): Up 7.9% (99 cents) to $13.53.
Three Down
- Johnson Controls (NYSE:JCI[13]): Down 8.8% ($3.12) to $32.46.
- Navistar International (NYSE:NAV[14]): Down 6.9% ($2.87) to $38.82.
- Electronic Arts (NASDAQ:EA[15]): Down 3.9% (72 cents) to $17.54.
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[16].
- [Image]: https://investorplace.com/hot-topics/investorplace-market-recap/
- GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
- INTC: http://studio-5.financialcontent.com/investplace/quote?Symbol=INTC
- MS: http://studio-5.financialcontent.com/investplace/quote?Symbol=MS
- from yesterday: https://investorplace.com/2012/01/goldman-sachs-gs-morgan-stanley-yahoo-solar-stocks/
- earnings beat: https://investorplace.com/2012/01/bank-of-america-bac-morgan-stanley-ms-earnings/
- BAC: http://studio-5.financialcontent.com/investplace/quote?Symbol=BAC
- AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
- appealing high-price stocks: https://investorplace.com/2012/01/5-expensive-stocks-worth-every-cent/
- FFIV: http://studio-5.financialcontent.com/investplace/quote?Symbol=FFIV
- NTAP: http://studio-5.financialcontent.com/investplace/quote?Symbol=NTAP
- BCS: http://studio-5.financialcontent.com/investplace/quote?Symbol=BCS
- JCI: http://studio-5.financialcontent.com/investplace/quote?Symbol=JCI
- NAV: http://studio-5.financialcontent.com/investplace/quote?Symbol=NAV
- EA: http://studio-5.financialcontent.com/investplace/quote?Symbol=EA
- here: https://investorplace.com/hot-topics/investorplace-market-recap/
Source URL: https://investorplace.com/2012/01/google-intel-earnings-goog-intc-ms-bac-aapl/