Google and IBM Power Market Muscles as Earnings are Digested

Google Inc. (NASDAQ:GOOG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income increased 6.88% to $2.89 billion ($10.65 per diluted share) in the quarter versus a net gain of $2.7 billion in the year-earlier quarter. Revenue rose 36.26% to $14.42 billion from the year-earlier quarter.

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Google Inc. reported adjusted net income of $10.65 per share. By that measure, the company beat the mean analyst estimate of $10.52. It beat the average revenue estimate of $12.36 billion.

GOOG

International Business Machines Corp. (NYSE:IBM) exceeded Wall Street’s profit and revenue expectations, igniting investor interest. Net income increased 11.11% to $6.1 billion ($5.39 per diluted share) in the quarter versus a net gain of $5.49 billion in the year-earlier quarter. Revenue decreased 0.63% to $29.3 billion from the year-earlier quarter.

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International Business Machines Corp. reported adjusted net income of $5.39 per share. By that measure, the company beat the mean analyst estimate of $5.25. It beat the average revenue estimate of $29.09 billion.

IBM

Texas Instruments Inc. (NYSE:TXN) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. Net income decreased -11.41% to $264 million (23 cents per diluted share) in the quarter versus a net gain of $298 million in the year-earlier quarter. Revenue decreased 12.87% to $2.98 billion from the year-earlier quarter.

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Texas Instruments Inc. reported adjusted net income of 23 cents per share. By that measure, the company missed the mean analyst estimate of $0.34. It beat the average revenue estimate of $2.95 billion.

TXN

Total System Services, Inc. (NYSE:TSS) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. Net income increased 1.54% to $60.8 million (33 cents per diluted share) in the quarter versus a net gain of $59.88 million in the year-earlier quarter. Revenue rose 1.45% to $479.1 million from the year-earlier quarter.

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Total System Services, Inc. reported adjusted net income of 33 cents per share. By that measure, the company met the mean analyst estimate of $0.33. It missed the average revenue estimate of $485.49 million.

TSS

RF Micro Devices Inc. (NASDAQ:RFMD) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. Net loss decreased -85.09% to $1.4 million (8 cents per diluted share) in the quarter versus a net loss of $9.39 million in the year-earlier quarter. Revenue rose 20.3% to $271.2 million from the year-earlier quarter.

RF Micro Devices Inc. reported adjusted net income of 8 cents per share. By that measure, the company beat the mean analyst estimate of $0.06. It beat the average revenue estimate of $245.73 million.

RFMD

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