Profit Not Match Expectations, Shares Slump Google and Microsoft

NEW YORK, fastdaily.blogspot.com - Google and Microsoft's performance in the second quarter of 2013 was disappointing the market. Shares of IT companies these two giants on Wall Street becomes degraded.

Google on Thursday (07/18/2013) local time, reported a profit of 3.23 billion U.S. dollars, up 16 percent from 2.79 billion U.S. dollars last year. That number translates into 9.56 dollars per share, well below Wall Street expectations 10.78 dollars. Google's revenue rose 19 percent to 14.11 billion U.S. dollars, well below most analysts' estimates.

Google shares fell 4.9 percent in after-hours trading (after market close) to 866.21 dollars, retreating from the Internet giant's move to the level of 1,000 U.S. dollars.

Google says 55 percent of its revenue, or 7.2 billion dollars, came from outside the United States, roughly the same number as last quarter and the same period last year.
Revenue of Motorola Mobile, the handset maker that was acquired last year, reaching 998 million U.S. dollars, up from 843 million in the same period last year.

But this unit posted an operating loss of 342 million U.S. dollars, wider than the loss of 199 million U.S. dollars a year earlier.

While fellow technology giant Microsoft also released the results below expectations. it megnirim stock company Bill Gates founded the Microsoft slipped 4.5 percent to 33.82 dollars in after-hours trading.

Microsoft's performance in the second quarter decline eroded business PC that hit the company's sales. The reason, Microsoft has a value of 900 million U.S. dollars on saving their tablet products are not sold.

In its performance report, Microsoft reported fourth quarter period for the fiscal year, net income beyond the number of items was 66 cents per share, on revenue reached 19.9 billion U.S. dollars.

Analysts predict net income Microsoft reached 75 cents a share on revenue of 20.73 billion U.S. dollars. QM3RERE95HYJ

5:20 AM