Google reported weaker-than-expected fourth-quarter earnings as losses piled up at its soon-to-be-sold Motorola Mobility handset unit, but core ad growth accelerated. Per-share profit ex items rose 13% to $12.01, missing the consensus view of $12.24, according to 42 analysts polled by Thomson Reuters. Google (GOOG) revenue, excluding what it pays to other websites to carry ads, climbed 19% to $13.55 billion, inching past
Apple late Monday beat Wall Street’s targets for sales and earnings in the December quarter, but its iPhone sales and March-quarter guidance missed views, and Apple stock was down 8% in after-hours trading. Apple (AAPL) said it earned $14.50 a share on sales of $57.6 billion for its fiscal Q1 ended Dec. 28. Analysts polled by Thomson Reuters expected $14.07 EPS on sales of $57.5 billion. The results put year-over-year EPS growth
Netflix proved late Wednesday that it’s still a fast grower, thrilling with Q4 earnings growth that smashed Wall Street’s target. The subscription streaming video service earned 79 cents a share vs. 13 cents a year earlier, beating analyst forecasts by 13 cents. Revenue rose 24% vs. a year earlier to $1.18 billion, just topping forecasts for $1.17 billion. That was the fourth straight quarter of accelerating sales growth. Netflix (NFLX) shares