Tech on Deck

We had a lot of Tech companies reporting tonight, I'm not going to break down the releases, if your interested you can easily find that easy other then to make a few notes.

GOOG missed on EPS but beat pretty handily on revenue ($10.58 bn vs consensus of $8.41) the miss on EPS at $9.50 vs consensus at $10.50 is odd being their top line was so much stronger then consensus. These earnings look like these of a manufacturing company that has a margin squeeze due to rising input costs, it's strange to see that sort of tight margin miss in a company like GOOG. GOOG is down on heavy volume in after hours by 8.9%

A lot of that AH volume is significantly bigger then regular hours.


MSFT beat on EPS by a penny and missed revenue by a hair. MSFT is up 2.36% on light volume.

IBM beat on EPS and just missed on revenue, they're trading up 2.63%

INTC beat on EPS and revenue and is trading up .98%

ES is trading down slightly.