Today to just about 29 a share, easily making it the bestperforming stock on the Dow Jones Industrial average. And shares rose despite reporting revenue that fell short of expectations. Mary thompson has more on whats going right for ge. Reporter in what Ceo Jeff Immelt called a slow growth and volatile environment, ge held the line on costs and helped by strength in its aviation and transportation businesses beat earnings expectations in the Third Quarter. Crisp execution in tough markets, thats the hallmark of a wellmanaged company. Reporter even as revenue missed forecasts, immelt reiterating the firm should meet its profit targets for the year, which is turning out to be its most transformative ever. The firm is ahead of schedule on its plan to sell 200 billion in assets for its finance arm aas it shrinks the once mighty unit. Its about to close on its largest deal ever, the purchase of the french Power Company alstom. And if conditions permit it will sell its stake in synchony thi
Another not so the hot quarter for a ceo trying to earn the company around. It earned 1r5 cents a share, a penny below expectations. Revenue also missing forecasts but at least was above year ago levels. As for the stock, it traded initially lower after the report and as josh lipton reports, Ceo Marissa Mayer may have only two options left. Her stock is down, her key lieutenants have left. So what are Marissa Mayers options at yahoo . For one, she could try and a turnaround at the business, that is means driving revenue from the companys mobile, video, native and social ads. These are the areas whereas internet ad dollars are moving but these areas also represent only a relatively small part of yahoo s overall bills thats notice maier needs to stabilize the companys core online business. That wont be easy because the competition is fierce. Predicted yahoo will capture just 2 of the 170 billion worldwide digital ad market. And meanwhile, google commands 30 of the market while facebook c
Making hardware into cloud computing. Ibm reported earnings of 3. 34 a share. That was four cents better than estimates. Thats the good news. But revenue fell nearly 14 from a year ago, coming in at 19. 28 billion. And that sent shares of the dow component initially lower in afterhours trading. In an interview after the results were released ibms cfo talked about the decline in revenue. Within the revenue we report we obviously have a pretty substantial currency headwind that we continue to deal with. And as we transform our business we continue to move out of areas where we dont see longterm value. So across that across our revenue base thats about 13 points of impact. Josh lipton has more now on ibms results. Reporter 5. 1 billion. That is what ibm reported for its software revenue. A drop of 10 compared with the Third Quarter of last year. Analysts had been looking for 5. 2 billion. So a point of weakness where the street was expecting strength. Fbrs dan ives says the bigger point h
Back. The Dow Jones Industrial average soared 320 points to 17,489. The nasdaq ros 79. And the s p 500 gained 33. And that optimism could extend into tomorrow after a trifecta of positive tech earnings from microsoft, amazon, and googles parent company, alphabet, were released late today. Lets start with alphabet. Starts with the letter a, after all. The Company Reported earnings per share of 7. 35, 14 cents better than expectations. Revenue also Beat Estimates and was 13 higher than last year. The company said the number of clicks on ads shown on its website grew more than 20 . It also announced a 5 billion buyback. That sent shares higher in initial afterhours trading. With the new Corporate Structure, shareholders may be in for some bigger changes when the Company Releases its next earnings report. And as josh lipton reports, it could bolster the case for the alphabet bulls. Reporter when google cofounder larry page explained why he created alphabet, he said one reason was to build
Easily making it the bestperforming stock on the Dow Jones Industrial average. And shares rose despite reporting revenue that fell short of expectations. Mary thompson has more on whats going right for ge. Reporter in what Ceo Jeff Immelt called a slow growth and volatile environment, ge held the line on costs and helped by strength in its aviation and transportation businesses beat earnings expectations in the Third Quarter. Crisp execution in tough markets, thats the hallmark of a wellmanaged company. Reporter even as revenue missed forecasts, immelt reiterating the firm should meet its profiul targets for the yea, which is turning out to be its most transformative ever. The firm is ahead of schedule on its plan to sell 200 billion in assets for its finance arm aas it shrinks the once mighty unit. Its about to close on its largest deal ever, the purchase of the french Power Company alstom. And if conditions permit it will sell its stake in synchony this month a move that will let it