News Column

Earnings Roundup: Google, Morgan Stanley

October 18, 2013

MarketNewsVideo.com

google
Google was up in Friday trading (MarketNewsVideo.com)

Google posted revenues of $14.89 billion for the quarter ended September 30, 2013, an increase of 12% compared to the third quarter of 2012. Non-GAAP EPS in the third quarter of 2013 was $10.74, compared to $8.87 in the third quarter of 2012.

Shares of Google are trading higher by more than 12.3% this morning.

Schlumberger (SLB) reported third-quarter 2013 revenue of $11.61 billion versus $11.18 billion in the second quarter of 2013, and $10.50 billion in the third quarter of 2012. Diluted earnings-per-share was $1.29 versus $1.15 in the previous quarter, and $1.04 in the third quarter of 2012.

Results were led by North America with a new high in overall revenue, supported by solid offshore activity and the seasonal rebound of activity in Western Canada. Schlumberger shares are higher by 2.6% so far today.

Morgan Stanley (MS) posted net revenues of $7.9 billion for the third quarter, compared with $5.3 billion a year ago. For the current quarter, income came in at $888 million, or $0.44 per diluted share, compared with a loss of $1 billion, or a loss of $0.55 per diluted share, for the same period a year ago.

Morgan Stanley is trading higher by about 2% this morning.

The preceding is a transcript of the MarketNewsVideo.com video below, which can also be found: http://www.marketnewsvideo.com/?id=201310Earn1101813&mv=1.


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Source: MarketNewsVideo.com