Still In the Thick of It
As I write this Thursday after the close, I'm watching shares of Google (GOOG) tank 9% in after-hours trading after the tech bellwether reported fourth-quarter profit of $9.50 a share, well below the consensus estimate of $10.45 a share. Turns out that heavy volume decline on Jan. 9 meant something after all. On that day, Motorola Mobility (MMI) issued a weak sales forecast. Since the company is in the process of being acquired by Google for $12.5 billion, investors worried that the acquisition could turn into a headache for Google. Either way, big investors were selling Google on Jan. 9.
Meanwhile, shares of Intuitive Surgical (ISRG) fell about 4.5% in after-hours trading despite better-than-expected bottom-line and top-line growth. Aggressive growth names like Intuitive Surgical are held to a high standard during earnings season, and sometimes a good quarter isn't good enough. Fourth-quarter earnings rose 24% from a year ago to $3.75 a share, but sales growth decelerated from the third quarter, rising 28% to $496.8 million....466 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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