.... follow-up to our previous piece ...
Google, Microsoft, and IBM all reported earnings after the closing bell on Wall Street earlier this evening.
Google (Nasdaq: GOOG) and Microsoft (Nasdaq: MSFT) both failed to meet 'analysts expectations', and both stocks were down significantly in after hours trading. As of 7:58 PM EST Google was down 7.6 per cent at 492.75. Microsoft also was taking a hit in the after hours, down 6.1 per cent (at 8 PM ET) at 25.87.
IBM (NYSE: IBM) reported a 22 per cent increase in profit over the same time period last year, surprising the street (in a big way). IBM shares closed essentially flat on the day in after hours trading at 126.12 (as of 7:30 PM ET).
Update 10:30 ET: Don't look to me to prognosticate??! :) ... but you can find a LOT of opinions in tonight's TechMeMe 10 PM edition here ... enjoy :)