UNDATED (AP) - Google's shares plunged more than 9 percent yesterday after it released its earnings for the fourth quarter of 2011. Google earned $2.7 billion, or $8.22 per share. Analysts had expected $10.51 per share.
Microsoft battled through a weak PC market to post flat earnings in the final quarter of 2011, boosting sales of servers, Xbox games and its Office productivity software while trimming losses at its Bing search engine. Earnings modestly topped expectations. Its shares rose 70 cents, or 2.5 percent, to $28.82 in after-hours trading.
Intel, the world's largest chip-maker, said its profit rose 6 percent in the latest quarter, topping analyst expectations, even as hard-drive shortages held back PC makers' chip orders.
The company also provided a forecast for the new quarter that matched analyst expectations.
Intel shares added 19 cents to $25.82 in extended trading, after the release of the results.
Associated Press