A rare, if not unheard of, confluence of stars Thursday meant that IBM, Intel, Microsoft and Google all reported their calendar Q4 numbers after the market closed.
Of the lot only Google came a cropper, losing $57 after-hours, down 8.9% when last we looked to $582.58, on a scary drop in its search advertising.
Paid clicks were down 8% while costs were up 35%. Earnings were up 6.3% but that still counted as a miss by Wall Street’s lights. Google was supposed to return $10.49 a share on revenues of $8.41 billion. Instead it did $8.22 on record-breaking $10.58 billion, up 25%, which worked out to $8.13 billion after paying commissions.
The reaction may, in part, be a way to punish Google for buying Motorola Mobility, which delivered a disappointing quarter on January 6 on depressed device sales. The purchase, if regulators wave it through, will likely play havoc with Google’s income statement.
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