Nasdaq futures slip on Google, IBM misses

Google missed Q1 estimates due to heavy spending and a slowdown in paid click growth (offset stabilizing ad prices). IBM only narrowly missed EPS estimates thanks to huge buybacks, but posted another big top-line miss.

QQQ -0.7% AH

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  • eh.geee@gmail
    , contributor
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    Maybe the market reaction is finally showing a negative tendency -- I think Google has reported information that inspires confidence, but it's down heavily as if it had really messed up. In fact, it's showing stellar growth and put away another billion in cash. What were "investors" (snort) expecting? I wonder if the exuberant run-up (+$20) during the regular session wasn't a bit too silly for words, and now this $50 sell-off, well, after-hours traders are notoriously fated as the suckers at the table... By one minute after the open tomorrow we'll get a better idea, but who in their right mind could read that earnings and be aggressively selling?
    16 Apr 2014, 06:45 PM Reply Like
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