Financial Results: Google Inc (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), SanDisk (NASDAQ:SNDK) and Advanced Micro Devices, Inc. (NYSE:AMD)


Google Inc (NASDAQ:GOOG) and Microsoft Corporation (NASDAQ:MSFT) both appear up today after quarterly adjusted profits from the search engine and the software marker each came in ahead of projection.

For the second-quarter 2012, Google’s adjusted profit was $10.12 a share, higher than the $10.04 mean forecast produced by a Thomson Reuters survey of analysts. Net revenue without the contribution of Motorola Mobility remained $8.36 billion, which failed to meet Wall Street revenue estimates of $8.41 billion. Earnings totaled $2.79 billion or $8.42 a share, up compared to the $2.51 billion or $7.68 a share, in the same quarter a year-ago.

[article_detail_ad_1]Microsoft’s fiscal fourth-quarter net income before charges related to a writedown in its online services business and deferred revenue for Windows operating system, was 73 cents a share. The company generated revenue of $18.6 billion. Both profit and revenue topped analysts’ forecast as earnings were 62 cents a share on revenue of $18.15 billion. On a net basis, the software giant had a loss of $492 million or 6 cents a share as compared to $5.9 billion or 69 cents a share, made in the same quarter a year-ago.

SanDisk Corporation (NASDAQ:SNDK) saw sharp gains after the company reported second-quarter earnings that came in ahead of analysts’ estimates. The Milpitas, California-based company reported before certain costs, that earnings were 21 cents a share. Analysts were expecting 18 cents a share, according to data tracked by Bloomberg.

Advanced Micro Devices, Inc. (NYSE:AMD) appears to be under pressure after it provided third-quarter sales forecasts below expectations as it struggles with the fragile economy, tepid PC sales and relentless pressure from top chipmaker Intel Corporation (NASDAQ:INTC).

 

The company reported second-quarter revenue of $1.41 billion, lower than the $1.57 billion a year ago. It predicted third-quarter sales would move down 1 percent from the second quarter, plus or minus 3 percent. Analysts most recently anticipated $1.50 billion in revenue for the current quarter, according to Thomson Reuters I/B/E/S.


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