Sunday, July 21, 2013
On a Mix of Corporate Earnings Results
At the same time, technology firms that disappointed investors included Microsoft, its Chief Financial Officer Amy Hood said “we know we need to do better” after it had weak sales of Windows 8 and a $900-million write-off for its Surface tablet; Intel, it’s new CEO Brian Krzanich said "I've made it Intel's highest priority to create the best products for the fast growing ultra-mobile market segment" and Google missed expectations as its average cost-per-click for advertising dropped 6% from last year and 2% from last quarter.
While revenue growth remains muted, many firms continue to cut costs as a way of delivering corporate earnings. Within the technology sector, some participants continue to encounter turbulence as desktop computer use declines and mobile devices become more pervasive.