Language Selection

English French German Italian Portuguese Spanish

Google Continues To Dazzle

Filed under
Web

Google continued to dazzle Wall Street in its third quarter as a publicly traded company, blowing past analysts' estimates after the close on Thursday.

Google's net income soared 576% in the first quarter to $369.2 million, or $1.29 a share — a stunning 37 cents a share more than analysts were expecting — and net revenue of $794 million beat $729.8 million forecasts.

"This was a very strong quarter for Google," CEO Eric Schmidt said in a statement. "We continue to execute well, and we have been able to take full advantage of the growth in online advertising."

Shares of Google jumped 6% in after-hours trading, approaching the stock's all-time high of $216.80 a share.

Stocks soared during Thursday's trading session, with the Dow and S&P posting their best gains in two years after strong manufacturing and jobs data eased fears of an economic slowdown. Comments from Fed Chairman Alan Greenspan dismissing "stagflation" concerns added to the gains, as did strong earnings from technology companies.

The Nasdaq soared 48 to 1962, the S&P 500 surged 22 to 1159, and the Dow soared 206 to 10,218. Volume rose to 2.3 billion shares on the NYSE, but declined to 2.02 billion on the Nasdaq.

Advancers led 24-8 on the NYSE, and 22-8 on the Nasdaq. Upside volume was 83% on the NYSE, and 86% on the Nasdaq. New highs-new lows were 23-66 on the NYSE, and 28-105 on the Nasdaq.

Strong earnings from Motorola, SAP and Nokia sent the Nasdaq to its best gain of the year, and Qualcomm managed a gain despite warning.

eBay finished the day fractionally lower, as concerns about slowing growth at the online auction giant outweighed better than expected earnings.

Cypress Semi and VeriSign surged on their results, and DoubleClick jumped 16% on takeover reports.

Archipelago soared 60% after the NYSE announced plans to buy the electronic trading firm and go public.

Source.

More in Tux Machines

KDE: Introduction to Kdenlive, Qt 3D Aspect, Mini Bug Squashing Day

  • A Brief Introduction to Kdenlive
    Kdenlive has become one of the main free software tools for audio-visual editing. Although complaints about earlier versions continue to dog its reputation — especially about syncing — the latest releases soon make clear that Kdenlive is now a mature and reliable tool. However, one thing it lacks is a general overview that helps new users navigate its complexity. Admittedly, the information users need is available. Yet finding it when you need it can be time-consuming, and add to the difficulties of learning a new application. Having just completed my first video — “Preparing Labels in LibreOffice” for WorldLabel — I think I have learned enough of the basics that my next effort should go far more efficiently. As a guide to myself, and to anyone else who might be starting to use Kdenlive, I present the following in the hopes of saving everyone some time and distraction.
  • Writing a Custom Qt 3D Aspect – part 1
    Qt 3D has a flexible and extensible architecture that allows us to easily add our own new functionality to it without disrupting the existing features.
  • Mini Bug Squashing Day
    In preparation for the 17.12 release we will be holding a mini bug squashing day on the 1st of December, between 10:00 and 15:30 (CET time). Community members are invited to submit their bug suggestions. For developers interested in contributing to the project we have a set up a list of low hanging bugs for them to cherry pick and get acquainted with the code base. Note that this is a great opportunity for prospective participants in the Season of KDE.

Xubuntu 17.10 Artful Aardvark - The winter is ... meh

I must say I'm a bit sad. Xubuntu 17.10 Artful Aardvark is nowhere near as good as its predecessor. It comes with a slew of bugs and regressions inherited from Ubuntu without any validations or checks. The experience is flawed, with middling hardware support, although the rest of the stack is quite reasonable. You get blazing performance, good looks, and decent overall out-of-the-box experience with media and gadgets. However, that on its own means nothing - because when you compare to Zingy Zorba, this is a release that does everything slightly less well, and it comes with problems and issues we did not have before. Do we really need these hope-killing releases that undo all that's gone before? Xubuntu was really doing well, and then, wham, regressions. Seriously? Why? Anyway, 6/10. Worth testing - better than Ubuntu or Kubuntu of the autumn stock, but still not as good as what we've seen, known and love. Take care, fellow Tuxians. Read more

today's howtos

Linux 4.14.2, 4.13.16, 4.9.65, 4.4.101, 4.4.102, and 3.18.84