Sector Update: Technology Share Higher Pre-Bell As Google Rockets 10% on Earnings

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Top Technology Stocks:

MSFT: -0.03%

AAPL: +0.88%

IBM: +0.13%

CSCO: +0.70%

GOOG: +9.70%

Technology shares are higher in pre-bell trading, as Google ( GOOG ) is up about 10% on its earnings.

Google reported Q3 revenue of $14.89 bln, better than the analyst consensus of $14.80 bln on Capital IQ. EPS was $10.74, vs. expectations of $10.37 per share. As a result, several Internet stocks are up this morning, including Facebook ( FB ) and Amazon ( AMZN ), both up 2%.

And, MoSys Inc. ( MOSY ) reported a Q3 loss of $0.12 per share, ex one-time items, versus the Capital IQ consensus of $0.11 loss per share. Revenues were $1 million, versus the analyst estimate of $1.36 million.

In the same period last year, the company reported a loss of $0.15 per share on revenues of $1.3 million.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: AMZN , FB , GOOG , MOSY

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