Dallas, Tx 4/16/2010 10:47:13 PM
News / Business

Tech Stocks Fall With Google (GOOG, YHOO, BIDU, MSFT, AMD)

Tech Stocks

 

Shares of Google Inc. (NASDAQ:GOOG) the search engine giant late Thursday reported First- quarter that falls short of whispers earnings largely due to 18% increase in increase in costs. During the latest quarter, the company earned $1.96 billion, or $6.06 a share, representing a jump of 37% from its year ago quarter’s earnings of $1.42 billion, or $4.49 a share. Excluding some costs, profit was $6.76 a share, this is 15 cents lower than the higher estimates of $6.91 shares, Bloomberg.

 

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Net revenue for the period stood at $5.06 billion, higher than the Wall Street’s estimations of $4.95 billion.

 

Shares of GOOG are down 4.75% to $567.

 

Yahoo! Inc. (NASDAQ:YHOO) slid 1.85% to $18.62.

 

Baidu, Inc.(ADR) (NASDAQ:BIDU) fell 0.81% to $643.92.

 

Microsoft Corporation (NASDAQ:MSFT) fell 0.23% to $30.80.

 

Advanced Micro Devices, Inc. (NYSE:AMD) fell 3.54% to $9.80 despite reported first-quarter sales that beat analysts’ predictions, adding to evidence that personal-computer demand is increasing.

 

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