some of the top news stories from Seeking Alpha today
Microsoft shares slump as Surface flops. Microsoft's ( MSFT ) shares plummeted 6.4% pre-market after its FQ4 earnings missed forecasts, with the company continuing to suffer from the slump in the global PC market. Microsoft swung to a net profit of $4.97B from a loss of $492M a year earlier, EPS was $0.66 and revenue grew 10% to $19.9B. " We know we have to do better, particularly on mobile devices, " said CFO Amy Hood. A $900M charge on unsold Surface tablet computers demonstrates why.
As with Microsoft, Google still stumped by mobile conundrum. Google's ( GOOG ) Q2 earnings also undershot consensus as it struggled to work out how to maximize its revenue from mobile. In cricketing parlance, it would be called a googly . Still, it's worth remembering that net profit increased 16% to $3.23B, EPS came in at $9.56 and revenue rose 19% to $14.11B. Mobile is "clearly" having an impact on Google's ( GOOG ) ad prices , management said, but it's not the only factor. Shares dropped 3.7% premarket.
Top Stock News
Vodafone continues to suffer European woe. Vodafone's ( VOD ) FQ1 organic service revenue slipped 3.5% to £10.2B, dragged down by sharp declines in Southern Europe, as well as more moderate falls in Northern & Central Europe, where the carrier struggled with "competitive intensity." More positively, Vodafone enjoyed good growth in Africa, the Middle East and Asia Pacific. Meanwhile, the operator expects to complete its €7.7B acquisition of Kabel Deutschland ( KBDHY.OB ) by the end of 2013.
.........HEVC........MOBILE.......AD PRICES/Video.....BIG IMPACT....Growth Africa/ME/AP
.......makes sense to me, sounds like shake out for telecom industry already started....get with the new wave or stuck in a rut with a fade-away move into history.
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