Investors. The dow component was able to offset the slump in demand for personal computers and top wall street estimates for both profits and revenue. The Company Earned 55 cents a share, beating estimates by a nickel. It was down more than 4 from a year ago. Shares of the dow component spiked on that report. The one key take away for investors now. One major takeaway from the intel call, the pc market not doing as well as intel had hoped. The Company Ended up taking down its full year guidance. It is expected to be down 1 compared to a year ago. It had been forecasting roughly flat but it took down the stock after hours. The Data Center Business doing well. Gross margins hanging in. The pc business not doing as well as they hoped. Well see if windows 10 in the sky helped at the end of the year. Netflix also had a good quarter and a growing number of subscribers. Netflix earned 6 cents, topping estimates. Revenue of 1. 6 billion was below forecast but much higher than last years perfor
Investors. The dow component was able to offset the slump in demand for personal computers and top wall street estimates for both profits and revenue. The Company Earned 55 cents a share, beating estimates by a nickel. It was down more than 4 from a year ago. Shares of the dow component spiked on that report. The one key take away for investors now. One major takeaway from the intel call, the pc market not doing as well as intel had hoped. The Company Ended up taking down its full year guidance. It is expected to be down 1 compared to a year ago. It had been forecasting roughly flat but it took down the stock after hours. The Data Center Business doing well. Gross margins hanging in. The pc business not doing as well as they hoped. Well see if windows 10 in the sky helped at the end of the year. Netflix also had a good quarter and a growing number of subscribers. Netflix earned 6 cents, topping estimates. Revenue of 1. 6 billion was below forecast but much higher than last years perfor
Investors. The dow component was able to offset the slump in demand for personal computers and top wall street estimates for both profits and revenue. The Company Earned 55 cents a share, beating estimates by a nickel. It was down more than 4 from a year ago. Shares of the dow component spiked on that report. The one key take away for investors now. One major takeaway from the intel call, the pc market not doing as well as intel had hoped. The Company Ended up taking down its full year guidance. It is expected to be down 1 compared to a year ago. It had been forecasting roughly flat but it took down the stock after hours. The Data Center Business doing well. Gross margins hanging in. The pc business not doing as well as they hoped. Well see if windows 10 in the sky helped at the end of the year. Netflix also had a good quarter and a growing number of subscribers. Netflix earned 6 cents, topping estimates. Revenue of 1. 6 billion was below forecast but much higher than last years perfor
Lets take a quick look at the markets after a long weekend not after a long weekend. A week. Nasdaq up 25 points and the s p up. A longer weekend than usual. It was longer for me because i wasnt here friday. Here are the big stories. Greek banks reopening three weeks after they close. Capital controls remain in place including limits on withdrawals and no word yet on when the stock market might reopen. Although some are trying to play this with the etf and trades here. Increases in value and a tax agreed to on the new bailout terms have now taken effect on things like coffee and tea. Well hear more from Michelle Carusocabrera pulling double duty. Lets take a look at asia. It was another volatile session. The shanghai stocks closing higher. But closed up just shy of 1 . There have been a media report earlier in the session suggesting the government was studying how to end its bailout. Well continue to watch the ongoing volatility in china. Every day there seems to be a new story there.
Share. That topped estimates by a full six cents. That was the positive revenue came in a bit shy of expectations. Still, big blue brought in nearly 21 billion in the quarter. If thats shy, id like to be shy. Investors were not pleased, though they sent shares lower right off the bat in extended trading today. John fort has the one takeaway you should focus on. One takeaway from the ibm call the downturn in Growth Markets was not enough to make up for stabilization in the services business. Brazil russia and china, and particularly down doubledigits. Those were markets that ibm was looking forward to grow. India was up partially. Services backlog was up to 122 billion. The first time thats seen positive growth in a couple years. That wasnt enough to make up for the trouble in Growth Markets and the stock was down after hours. For nightly Business Report im john fort. The street will be focused on ibms earnings there will be plenty of big name teks companies announcing their results thi