Google late Thursday posted Q4 results that missed on the top and bottom lines. By some analyst measures, it also missed in key ad metrics. Yet investors shrugged as the search leader continued to show solid growth in key areas, including YouTube mobile users. Google (GOOGL) stock was up 2% in after-hours trading Thursday, after the company reported a 15% year-over-year rise in revenue. Per-share profit ex items rose 2.7% to $6.88, 23 cents below
Self-driving cars are on their way, but their ETA is a big “Are we there yet?” A succession of announcements from carmakers of late show impressive technology advances, but getting them sanctioned as street-legal will take time. “We think over the next five to 10 years more cars will have the ability to navigate stop-and-go traffic,” said Constantine Samaras, an engineering professor at the academic birthplace of autonomous driving technology,
Qualcomm late Wednesday cut its outlook for the year, citing the loss of sales to a major customer, likely No. 1 smartphone maker Samsung. The news sent Qualcomm stock falling nearly 8% in after-hours trading, after the firm lowered its outlook when releasing earnings for its fiscal Q1 ended Dec. 28. The wireless chip leader also cited competition in China as a factor in its new guidance. Qualcomm (QCOM) reported sales of $7.1 billion, up 7% from