Your Cheat Sheet to Earnings for January 20th

The Dow and S&P 500 were flat Thursday, here is your Cheat Sheet to some high profile earnings making headlines:

1) Google (NASDAQ:GOOG): Google’s most recent earnings results pleased the street as shares traded higher in after market trading.  Fourth quarter earnings were $8.75 per share (excluding one time items) on $6.37 billion revenue. Analysts were expecting about $8.06 per share.  Even though Eric Schmidt is stepping down as CEO, shares rose nearly 1.5% in extended hours.

2) Advanced Micro Devices (NYSE:AMD): Much like its fourth quarter revenue, shares of AMD traded mostly flat in after market trading.  With the release of AMD’s new fusion computer chips, the company is hopeful that PC sales could increase 10% for 2011.  Staying with the CEO carousel theme on Wall Street these days, there is no update on who will replace the recent departed Dirk Meyer as CEO.

3) Morgan Stanley (NYSE:MS): Shares rose over 4% during Thursday trading as the company prepared to release its latest earnings.  Compared to prior year, profit increased 35%.  CEO James Gorman is now entering his second year with Morgan Stanley.

4) Capital One Financial Corp. (NYSE:COF): Shares fell nearly 1% in after market hours, even though fourth quarter profit rose 85% and beat estimates.  Apparently Capital One isn’t as concerned as investors, the company increased marketing costs 64% to $308 million in the fourth quarter.

5) Southwest Airlines (NYSE: LUV): Increasing travel demand helped earnings rise 13%.  Net income for the fourth quarter was $131 million.  The company has a positive outlook for its future, but CEO Gary Keller expressed one concern.  He said, “Except for fuel, our outlook for 2011 is quite good.”  Shares remain grounded in after market trading with little movement.

Disclosure: No positions.

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