Technology, First Quarter Earnings | featured news

Zynga posted first quarter 2013 earnings that beat analysts expectations, but shares are trading down after-hours on future outlook.

A rare earnings miss for IBM tugged the Dow Jones industrial average lower on Friday, while the rest of the market headed toward slight gains after a turbulent week. Quarterly earnings for the country's largest provider of computer services fell short of forecasts for the first time since 2005.Read more on NewsOK.com

Yahoo said its profit rose 36% as the struggling Internet pioneer showed signs of continuing its slow but steady rebound under Mayer. But its shares fell after-hours on signs of decay in sales of display ads.

Hewlett-Packard Co.'s first-quarter earnings declined 16% as the technology giant continued to see weaker sales in its core personal computer business, though adjusted profits beat the company's expectations.

Microsoft said Thursday that an accounting adjustment to reflect a weak online ad business led to its first quarterly loss in its 26 years as a public company. The software company had warned that it was taking a $6.2 billion charge because its 2007 purchase of online ad service aQuantive hasn't yielded the returns envisioned by management. The non-cash adjustment is something companies do when the value of their assets decline. Microsoft Corp. paid $6.3 billion for aQuantive, only to see rival Google Inc. expand its share of the online ad market.

posted first quarter sales and earnings that fell short of expectations Tuesday, as stronger sales to small and medium businesses during fiscal first quarter weren't enough to offset slumping sales to consumers, big businesses, and government agencies. shares fell 10.34% in after-hours trading.

Shares of online marketing services provider ValueClick are taking a beating after hours Wednesday following the company's Q1 financial report. ValueClick posted revenue of $152.9 million, up 31% from a year ago, but below the Street consensus at $157.8 million. Guidance had been for $155 million to $160 million.

The evidence continues to mount that the mobile phone business is evolving into a two-horse race. It’s Apple, Samsung, and a host of desperate hangers on. In the first quarter, according to Raymond James analyst Tavis McCourt, Apple accounted for about 80% of all profits in the mobile phone business, with Samsung accounting for the rest. The two companies combined, he figures, had 74% of mobile handset industry revenues.

EBay's first-quarter net income grew 20 percent thanks to higher revenue from its PayPal business and brisk sales at its e-commerce websites. The results beat Wall Street's expectations and investors sent the company's stock higher in after-hours trading.

Yahoo's first-quarter results showed signs of modest progress under recently hired CEO Scott Thompson.