Stocks BUZZING Before the Bell: Google and Microsoft Climb Higher, AMD and Intuitive SINK

Google (NASDAQ:GOOG) shares jumped 2.43 percent this morning in pre-market trading. The search giant reported that second-quarter earnings came in at $2.79 billion ($8.42 per share). Excluding items, earnings were $10.12 per share, beating analyst estimates of $10.04 per share. “Google standalone had a strong quarter with 21 percent year-on-year revenue growth, and we launched a bunch of exciting new products at I/O – in particular the Nexus seven tablet, which has received rave reviews,” said Larry Page, CEO of Google. “This quarter is also special because Motorola is now part of the Google family, and we’re excited about the potential to build great devices for users.”

Advanced Micro Devices (NYSE:AMD) shares are down 3.70 percent after the company announced second-quarter financial results. Net income for the company dropped 39.3 percent to $37 million (5 cents per share), compared to 61 million (8 cents per share) a year earlier. Revenue also declined 10.4 percent to $1.41 billion, falling in line with estimates.

Shares of Microsoft (NASDAQ:MSFT) popped 1.09 percent in early trading. However, the company reported a net loss of $492 million (6 cents per share), compared to a net gain of $5.87 billion (69 cents per share) a year earlier. It was the first net loss the Windows-maker since going public in 1986. Excluding the massive write down for aQuantive, the company earned 67 cents per share, topping analyst estimates of 62 cents per share.

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Intuitive Surgical (NASDAQ:ISRG) shares dropped 5 percent in early trading, despite yesterdayreporting a 31.9 percent rise in earnings. Net income for the second-quarter came in at $154.9 million ($3.75 per share), compared to $117.4 million ($2.91 per share) a year earlier. Commenting on the announcement, Dr. Gary Guthart, President and CEO of Intuitive Surgical, said, “Our solid second-quarter revenue and earnings performance is the result of robust US gynecologic and general surgery procedure growth offset by pressure in Europe and US prostatectomy.”

E*TRADE Financial (NASDAQ:ETFC) shares are down 1.28 percent this morning after the company reported a 16.1 percent decrease in earnings. The company posted net income of $39.5 million (14 cents per share) for the second-quarter, compared to $47.1 million (16 cents per share) in the same quarter last year.

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