Sept. 10 (Bloomberg) — U.S. stock futures fluctuated as an increased earnings forecast at Texas Instruments Inc. and an analyst?s recommendation to buy shares of Yahoo! Inc. offset concern equities have grown too expensive.
Apple sells 5.2 million iPhones in its latest quarter. Plus: Yahoo’s profit jumps 8 percent. Microsoft has its first yearly revenue drop as a public company. Netflix is doing well in a poor economy. Intel appeals $1.45 billion European Union antitrust fine.
After a mixed assortment of tech sector earnings last week, the industry will face a tough test this week when sector giants IBM, Yahoo, Apple and Microsoft all report their quarterly finances.
On Thursday, Google announced that the size of its workforce had dropped for the first time in its 11-year history. But during the company?s earnings call, chief financial officer Patrick Pichette said it is still hiring in ?critical areas.? So what are those areas?
The Nasdaq rose 1 percent on Friday, helped by Internet leader Google , which reported earnings that beat expectations after the bell on Thursday.
Internet pioneer Yahoo Inc. is scheduled to report its fourth-quarter results after the stock market closes Tuesday. The following is a summary of key developments and analyst opinion related to the period.
Google Inc. shook off the economic doldrums to deliver a third-quarter profit that topped analysts’ expectations, supporting the Internet search leader’s theory that its advertising system will prosper even in tough times.
Shares of Yahoo Inc. fell Monday as analysts lowered expectations for the Web search and portal operator’s earnings in the second half of the year.
An important detail to note from today’s earnings call: Yahoo (NSDQ: YHOO) is not factoring in any gains from its Google (NSDQ: GOOG) deal into its outlook. Right now, the company sees no reason to update its initial forecast ($250-$450 million additional annual OCF), or its timing on when that can commence, however. President Sue Decker noted that the company had factored in 100 days of review …
