Despite investors’ concerns over a slowing online advertising market in China, Sina’s managed to post Q4 revenue that exceeded analysts’ expectations, though its earnings fell 74 percent from a year earlier. Investors were encouraged by Sina’s results, however, and the company’s shares jumped as much as six percent after hours, hitting $56.50.
After cutting its full-year projections for bookings and earnings, Zynga’s shares fell more than 20 percent to an all-time low in after-hours trading. The company’s shares are trading at $2.22, down more than 21 percent from today’s close of $2.82.
It’s been a hard road for the company since its IPO last December.
Its shares fell as low as $398.11 in Wednesday trading, before ending the day down 5.5% at $402.80.
The concerns were triggered after one of its suppliers, Cirrus Logic, which makes sound components for the iPhone and iPad, reported a decline in sales.
With Apple due to release its latest quarterly results next week, some fear the numbers may be underwhelming.
According to various estimates, de
As I own some shares in both Google and Apple stocks, I have been noticing that my gains from owning Google shares has been wiped out because of the poor performance in the Apple stock. Basically, before the launch of the iPhone 5 where Apple finally managed to (at least temporarily) stop the bleeding, Apple continued losing market share to Android globally.
HP just released its Q1 2013 earnings report and for once, the company beat analyst expectations: revenue was once again down 6% to $28.4 billion, but still higher than most analysts expected. The company reported an income of $1.2 billion and EPS of $0.82.
I broke into the technology journalism field as a business reporter after spending a year in the mainstream media. I remember Wall Street and analysts being fickle back then about a penny or two per-share discrepancies because it would affect the stock price for the immediate future.
Well, 20-plus years later and nothing really has changed.
A stock trader named David Miller with Rochdale Securities was arrested today on the grounds that he’d illegally purchased $1 billion in Apple stock, or 1.625 million shares, on the day Apple released its quarterly earnings in October.
Google’s stock price came close to its 52-week high on the first day of Google I/O today, hitting $915 per share at close. In comparison, Apple today dropped 15 points to close at $428 per share, 277 points off its 52-week high.
This morning, Google stock jumped to $909 per share from its opening price of $895 when Co-Founder Larry Page hit the stage at around 11:45.
The good times can’t last forever. Eventually the music dies off, the balloons pop and everyone goes home.
Without sounding the hyperbole alarm, let’s look at the facts. Apple’s stock price has declined steadily since September 19, two days before the iPhone 5 was released. Shares are off 25 percent since September. The stock price closed at a six-month low today.
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