Market News

July 19, 2013  Fri 7:34 AM CT

PC Market Slows, Tablets Marked Down

Microsoft earned just $0.66 a share on revenue of $19.9 billion. Analysts had expected $0.75 and $20.7 billion, respectively. The company cited weak PC demand and a glut of unsold Surface tablets. MSFT is down 7 percent before the opening bell on my tradeMONSTER platform.

Intuitive Surgical Craters on Weak Results

Intuitive Surgical reported second-quarter earnings of $3.90 a share, missing the $4.04 consensus number. Sales of $578.5 million also lagged the $594.6 million estimate as demand slows for its da Vinci surgical devices. ISRG craters 13 percent in the premarket.

Skyworks Beats, Issues Strong Guidance

Skyworks Solutions earned $0.54 a share in its third quarter, a penny better than analysts had projected. Revenue also beat by a narrow margin, and guidance was strong. SWKS rose 7 percent before the opening bell.

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