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Hi everyone I'm Diane -- and shares of Google are higher in the premarket after the company reported better than expected first quarter earnings.
The results provide more proof that Google is figuring out how to make more money.
As web surfers shift from personal computers to mobile devices Google earned an adjusted profit of eleven dollars 58 cents a share nearly a dollar above the forecast.
Revenue jumped 31% from last year to nearly fourteen billion dollars.
And the other hand shares of IBM are lower in premarket after that company missed profit and revenue estimates for ist for its first quarter.
IBM says improvement in its cloud computing business couldn't offset lower sales and areas like systems and technology.
And that resulted in an adjusted profit of three dollars a share nickel short of analysts' expectations.
And revenue of 23 point four billion dollars down 5% from a year ago.
And down more than a billion dollars from the estimate software revenue was flat -- systems and technology sales fell 17%.
IBM also forecast twice thirteen operating earnings will come in at sixteen dollars seventy cents a share below the Wall Street estimate for sixteen dollars 77 cents.
In addition to earnings reports also say IBM is negotiating the sale of its server hardware unit possibly.
To Lenovo the Chinese company that bought IBM's PC business back in 2005.
Checking features this morning it day in point that we do have green arrows across the board Dow futures are up 87 yes and he's up about eleven -- nasdaq's up seventeen.
Special report continues right now on --
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