Microsoft (NASDAQ:MSFT) reported a fiscal fourth quarter net loss of $492 million as compared to a $5.87 billion net profit from the previous year; this came from a $6.2 billion writedown of its 2007 aQuantive acquisition. On a positive note, the company saw an adjusted earnings per share of $0.73 and a seven percent revenue increase to $18.6 billion, beating estimates. Microsoft’s Windows business and consumer sales did not fare well in the quarter.
Don’t Miss: What is Nokia TEASING Now?
Google’s (NASDAQ:GOOG) adjusted earnings per share increased to $10.12 from $8.74 in the previous year; this exceeded analysts’ estimates while revenue rose 21 percent to $8.36 billion, slightly missing estimates. Google site and ad-network revenue reported strong gains, but ad-click prices dropped 16 percent. Motorola lost $233 million from $1.245 billion of sales. According to the New York Times, analysts called this “frightening.”
In the second quarter, GE’s (NYSE:GE) profit from continuing operations increased 2.5 percent to $3.66 and revenue rose two percent to $36.5 billion. Good U.S. demand for equipment used in energy production balanced out the effect of the challenged European economy. While revenue missed estimates, the $0.38 earnings per share exceeded expectations. GE Capital earned $2.1 billion (+31%) and returned $3 billion of it to the parent company; it then increased 2012 operating cash expectations between $17 billion to $19 billion from GE Capital dividend’s restart.
Yahoo’s (NASDAQ:YHOO) new CEO Marissa Mayer could make up to $141 million of compensation during the next five years, including a $1 million-a-year base salary and a combination of performance bonuses, restricted stock units, and options. Bloomberg reported the story of Mayer’s hiring: two secret meetings held off of Yahoo’s campus with a second one including activist investor Dan Loeb and the remainder of Yahoo’s board sealing the deal.
DirecTV (NASDAQ:DTV) will restore Viacom’s (NYSE:VIA) networks to its 20 million U.S. subscribers after reaching a long-term agreement. This comes after a more than a week-long programming blackout from an argument over fees. The details were not disclosed.