Google Releases Weaker Year-End Results
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Share News: Google Releases Weaker Year-End Results

Google Releases Weaker Year-End Results

UK Share Trading News UK Shares News US Share Trading News US Shares News European Share Trading News European Shares News


A daily look at the leading shares in the UK, US and the rest of the world sponsored by paddypowertrader. For today’s view see Shares Markets.

Share Trading - 16 April 2010


UK Share Trading News UK Share Trading News
  • UK Airlines – Shutting down Britain’s airspace, following the volcanic eruption in Iceland, could cost airlines more than GBP 100m if the disruption carries on into the weekend. (Times)

  • Prudential – Co. will keep its primary listing in the UK even if its British business is sold and its head office moves to Asia, according to the CEO. (Daily Telegraph)

  • Home Retail Group – Co. was said to be working on a takeover bid, according to a report. (The Daily Mail)

  • Aggreko – Co. says Q1 trading was in line with expectations, with revenue growing 5% on a headline basis and 8% in constant currency excluding pass-through fuel. (S&P)

For more on spread betting on UK shares see:
US Share Trading News US Share Trading News

Equities managed to finish in positive territory after a mixed bag of data and as Greek concerns lingered.

The utilities sector outperformed following an optimistic forecast from UPS (+5.26%) in their pre-earnings announcement whilst the NASDAQ 100 outperformed its peers after being led higher by Apple (+1.31%) and Intel (+2.98%).

The financial sector came under pressure late on in the session as Volcker reiterated he saw a good chance of financial reform this year.

At the close; the S&P 500 closed up 0.08% at 1211.67, the DJIA closed up 0.19% at 11144.57 and the NASDAQ 100 closed up 0.48% at 2038.64.
  • Google – Q1 non-gaap EPS USD 6.76 vs. Exp. USD 6.60, Q1 revenue ex-tac USD 5.06bn vs. Exp. USD 4.95bn. Co. says aggregate paid clicks increased approximately 15% over Q1 of 2009. Co. sees to continue to make significant capital expenditures. Shares were down 3.6% in after-market trade. (RTRS)

  • Advanced Micro Devices – Q1 non-gaap EPS USD 0.09 vs. Exp. USD -0.04, Q1 revenue USD 1.57bn vs. Exp. USD 1.53bn. Says quarterly gross margin was 47% and expects revenue to be down seasonally for Q2 2010. (RTRS)

  • Intuitive Surgical – Q1 EPS USD 2.12 vs. Exp. USD 1.68, Q1 revenue USD 329m vs. Exp. USD 294.82m. (RTRS)

  • Chevron/Smith International – Smith International says has been awarded a contract by Cabinda Gulf Oil Company Limited, a subsidiary of Chevron. Smith International says contract is expected to result in approximately USD 800m in revenues over the life of the contract and says agreement is six years long with an option for two additional years and begins June 2010. (RTRS)

  • American Express – Co. says would expect USCS lending net write-off rate for Q2 will be lower than that for Q1. Says March cardmember lending net write-off rate 7.5% vs. Prev. 7.4% in February and says US card services 30 day past due loans, as percentage of total – 3.3%. (RTRS)

  • Philip Morris – Co.’s USA unit makes master settlement agreement payment of approximately USD 3.6bn. Says availability and precise amount of any NPM adjustment for 2003-2007 will not be finally determined until 2011 or thereafter. (RTRS)

  • Boston Scientific – Co. to immediately resume distribution of Congis ® CRT-DS and Tiligen ® ICDS in the US. (RTRS)

  • American Electric Power – Co. says to cut 1000-2000 jobs through voluntary buyouts, says planned job cuts to total 5-10% of workforce and says job cuts are necessary due to continued soft power demand from weak economy. (RTRS)

For more on spread betting on US shares see:
European Share Trading News European Share Trading News
  • Axa – According to sources, co. considers acquisition opportunities in BRIC countries. (Sources)

  • EADS – Co. is looking for new US partner after L-3 Communications Holdings backed away from joining a potential bid for a US refuelling plane deal valued at up to USD 50bn. (RTRS)

  • Renault – Co. is aiming for a French market share of close to 30% this year. (La Tribune)

  • Carrefour – Q1 sales EUR 23.961bn vs. Exp. EUR 23.689, Q1 like-for-like sales up 3.3% and Q1 French sales EUR 9.79bn, French hypermarkets EUR 5.04bn. Co. plans to buy up to 6% of its own shares in the next 12 months though this wouldn’t limit the company’s ability to make potential acquisitions. (RTRS/Sources)

For more on spread betting on European shares see:


Data provided by RANsquawk. The above comments do not constitute investment advice. Paddypowertrader, RANsquawk and Clean Financial do not accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided. All reasonable efforts have been made to present accurate information.


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Article edited by paddypowertrader which is a trading name of London Capital Group Ltd which is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 182110.

'Share News: Google Releases Weaker Year-End Results' edited by paddypowertrader, updated 16-Apr-10



Shares Markets Index - an index of articles looking at some of the World's leading companies and their shares.


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