IBM narrow down 5.88 percent to $ 163.08 on the New York Stock Exchange Monday after the company put forward a disappointing quarterly results Monday. It was the 13th quarter of declining revenue on an annual basis and investors were disappointed.
IBM helped a little pressure atmosphere, and the Dow Jones fell 1 percent to 17,919.49 Monday. Nasdaq ended down 0.21 percent to 5,208.12 while the S & amp; P 500 fell 0.43 percent to 2,119.19.
Eight of the ten most actively traded on the NYSE fell.
IBM were joined by United Technology which fell over 7 percent. Halliburton was the bright spot, although Monday’s quarterly was bad. Citigroup rose 0.4 percent.
Three stocks fell for every two shares rose and six of the ten most actively traded on Nasdaq fell.
Tesla was one of the losers on the Nasdaq, with a fall of 5.5 percent to $ 266.77. Netflix rose 1.8 percent.
GoPro created confusion
After the stock exchange closed la GoPro forward figures which showed a net profit of 350 million dollars and 24 cents . share in Q2 with a loss of $ 19.8 million and 24 cents. share in the same quarter last year.
Adjusted earnings per share. share was, according to MarketWatch 35 cents and better than the 26 cents that was expected according to Factset.
Investors were a bit perplexed and first sent the stock down 7 percent after the trade, before it turned into an upswing at 0.7 percent. Shares rose 2 percent in regular trading before the figures were published.
Revenue rose to $ 419.9 million, from $ 244.6 million in the same quarter last year.
Ages deficit in Microsoft
Microsoft let also presented interim after the stock exchange closed down and they showed a sharp fall in revenue and the largest deficit in a quarter ever.
The company has cleared Nokia smart phone business and had a deficit of $ 3.2 billion, or 40 cents per. share.
Revenue was 22.18 billion dollars, down 5.1 percent from 23.38 billion dollars in the same quarter last year.
The company wrote down 80 percent of the 9.4 billion dollars that the company paid for Nokia business and cut its workforce by more than 6 percent.
Adjusted earnings were 62 cents per. share, while analysts on average had expected 56 cents according to MarketWatch.
From next week rolls company out Windows 10, but hopes that it will raise revenues substantially is not very high.
Apple bangs
Apple had a net income of 10.7 billion dollars, up from 7.74 billion dollars in the same quarter last year.
Earnings per. share were $ 1.85 in Q2 2015, up from $ 1.28 in the same quarter last year.
Revenue increased by 33 percent to $ 49.6 billion and the company sold 47.4 million iPhone, up 35 percent from the same quarter last year.
Both were in excess of the average of expectations, but it did not help much. Investors were a bit disappointed, sending shares down 8.1 percent to 120.16 percent for the trade.
There and then disappeared values for 499 billion, equivalent to 52 billion more than the value of the entire group 447 billion.
The downturn came in the wake of a drop of 1 percent in regular trading.
Apple had a gross margin of 39.7 percent and guides gross margin for the next quarter of between 38.5 and 39.5 percent, on revenue of between 49 and 51 billion dollars.
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