Today is the 25th anniversary of the 1987 “crash”
Critical Levels on the 25th Anniversary of the Crash
The World’s Biggest Tech Companies Could Be Sending A Serious Warning
Three technology bellwethers missed income or revenue expectations in the past few days. Let’s take a quick look at IBM (IBM), Intel (INTC), and Google (GOOG).
TechCrunch reports “IBM Q3 Earnings Mostly In Line With Expectations”:
IBM just released its Q3 2012 financials. Big Blue’s GAAP earnings came in at $3.8 billion, up 3% from the last quarter. Non-GAAP earnings were $4.2 billion. Overall, the company reported revenue of $24.7 billion, down from $25.8 billion in Q2.
Ahead of the earnings release, most analysts expected that Big Blue would report robust earnings. The consensus was that earnings per share would increase to around $3.62 (up from last quarter’s $3.51 non-GAAP EPS), but that overall revenue would decline to about $25.4 billion from $25.8 billion last quarter. With $24.7 billion, the company missed the analysts’ expectations.
On Thursday, Google accidentally posted incomplete earnings four hours early and its shares were halted following a huge plunge. Read more....