Earnings-related news hit the Nasdaq hard today as the latest results from Google
Google was off about $50 per share, or 8%, in morning trading. The company announced yesterday afternoon that it earned $8.22 per share, falling well short of consensus expectations of $9.06 per share. Although gross revenue jumped 25% to a record $10.58 billion, it also fell short of estimates. But concerns about higher costs from branching out beyond its core search-engine business weighed on the stock. Ad prices also fell. In response to the news, analyst Pacific Crest lowered its price target on the stock from $800 to $725 this morning.
Among other tech giants, Intel
Lastly, Intuitive Surgical
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