Earnings Season Has Just Begun: Crucial Earning Reports Coming In WEAK!!! IBM, Intel, Google, Microsoft And McDonald All Came In Worse Than Expected!!! The Market Sell-Off Is Accelerating!!
October 19th, 2012
A MASSIVE collapse of the stock market lies ahead!!!
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.
Yahoo Finance has the details in “Google Shares Slammed! Company Misses Estimates in Premature Earnings Release”…
BofA cuts Google to neutral after six years as buy
Microsoft earnings fall 22%; sales also down