Citing gains in mobile, Google late Thursday posted Q2 earnings and sales that beat Wall Street estimates. Google (GOOGL) stock jumped 12% in after-hours trading Thursday, after the company released its results. Shares rose 3.1% in the regular session, to 601.88, a 10-month high. “Our strong Q2 results reflect continued growth across the breadth of our products, most notably core search, where mobile stood out, as well as
Reports that federal regulators will disallow bidding discounts awarded to Dish Network (DISH) partners in a blockbuster government spectrum auction and that the satellite TV broadcaster’s merger talks with T-Mobile (TMUS) are going nowhere sent Dish stock down late in Thursday’s regular session. Dish stock had recovered a bit in after-hours trading. Sprint (S) stock, meanwhile, rose in after-hours trading on speculation that its Japan-based
Online retailers just won’t quit. And why should they? According to the Commerce Department, sales at e-commerce websites rose 3.5% sequentially in the first quarter, reaching a record $80 billion. Year-over-year online sales rose 14.5%. IBD’s Retail-Internet group was perched high in IBD’s 197 industry group rankings at No. 5 as of Thursday’s paper, up slightly from No. 6 six weeks ago. While some of the more compelling growth stories in the