Microsoft suffered from weak personal computer sales and fierce competition in the tablet business. Google joined the list of technology firms that disappointed expectations. Microsoft said sales increased 10% to $19.9bn, only slightly missing the analysts’ consensus of $20.7bn, but earnings per share of 59 cents clearly missed market expectations of 75 cents. Microsoft’s shares fell as much as 6% in after-hours trading.
At Google, sales increased to $14.11bn (+19%), but remained below the median forecast of $14.46bn. Earnings of $9.56 per share, clearly missed the consensus of $10.78. Although Google showed a better development than Yahoo!, a shift to mobile curbs average advertising prices and higher costs at mobile daughter Motorola. The shares fell as much as 5.7% in extended trading.