Microsoft, Intel, and IBM Rise After Earnings; Google Falls

Four technology bellwethers reported earnings on Thursday after the closing bell - Intel

, Microsoft

, IBM

and Google

. The first three stocks are moving higher during Friday's trading session, while GOOG has fallen considerably in the wake of a less than stellar earnings report. Leading the way is MSFT, which has added 4.75% to $29.45. IBM shares have jumped 4.29% to $188.26 while INTC is up 1.79% to $26.09. Meanwhile, GOOG is down 8.17% and is trading at $587.25. Below, Benzinga breaks down each company's earnings results. Google

reported GAAP net income of $2.71 billion, or $8.22 per share, versus $2.54 billion, or $7.81 per share, in last year's fourth quarter. On a non-GAAP basis, which is comparable to analysts' consensus estimates, Google reported net income of $3.13 billion, or $9.50 per share, compared to $2.85 billion or $8.75 per share, in the year ago period. This missed Wall Street analysts' consensus EPS estimates of $10.49. Revenues were $10.58 billion, without deducting traffic acquisition costs, which was a 25% increase versus last year's fourth quarter. Wall Street analysts had consensus revenue estimates of $8.41 billion heading into the report. Leading global semiconductor company Intel

reported fiscal Q4 GAAP net income of $3.36 billion or $0.64 per share, compared to $3.18 billion or $0.56 per share, in the year ago period. On a non-GAAP basis, which is comparable to analysts' consensus estimates, INTC's net income was $3.55 billion or $0.68 per share, versus $3.20 billion or $0.56 per share, in last year's fourth quarter. This handily beat analysts' consensus EPS estimates of $0.61. Net revenues came in at $13.89 billion compared to $11.46 billion in last year's corresponding quarter. This also beat analysts' consensus estimates of $13.72 billion. Looking ahead to the fiscal first-quarter, Intel expects revenue in a range between $12.3 billion and $13.3 billion. Currently, Wall Street analysts have consensus revenue estimates for the first-quarter of $12.8 billion. Microsoft

reported net income of $6.62 billion or $0.78 per share, which compares to net income of $6.63 billion or $0.77 per share in last year's fourth quarter. This beat Wall Street consensus EPS estimates of $0.76. Revenues at Microsoft came in at $20.89 billion, which was a 5% increase over the $19.95 billion that the company reported in the year ago period. Revenues, however, slightly missed Street consensus of $20.93 billion. IBM

reported net income of $5.5 billion or $4.62 per share, versus $5.3 billion or $4.18 per share in last year's corresponding quarter. On a non-GAAP basis, which is comparable to analysts' consensus, IBM reported net income for the quarter of $5.6 billion or $4.71 per share, compared to $5.4 billion or $4.25 per share, in the year ago period. This came in ahead of Street consensus EPS estimates of $4.62. Net revenues at the company came in at $29.49 billion which was a 1.6% increase over the $29.02 billion that IBM reported in last year's fiscal fourth quarter. Wall Street analysts had consensus revenue estimates of $29.71 billion heading into the report. Looking ahead, IBM is forecasting operating net earnings of at least $14.85 per share for fiscal 2012. Analysts currently have consensus EPS estimates of $14.82 for the fiscal year.