Google Inc. (NASDAQ:GOOG) is expected to report second-quarter earnings per share of $10.78 on revenue of $14.45 billion after the market closes Thursday, compared with a profit of $10.12 a share on revenue of $9.61 billion in the year-ago period, according to analysts polled by Reuters. As of 11:55 a.m. EDT Wednesday, Google is trading at around $917.83 a share. So far this year, the stock has gained 30.1 percent.
U.S. stocks turn mixed in mid-day trading Wednesday, after the Standard & Poor’s 500 Index snapped an eight-day winning streak in the previous session, as Federal Reserve Chairman Ben Bernanke said the tapering of bond purchases was not on a “preset course.”
Bank of America Corp. (NYSE:BAC) saw profit soar in the second-quarter as the company earned $3.6 billion in the quarter, up 70 percent from $2.1 billion a year ago. Revenue increased to $22.9 billion. Analysts polled by Reuters expected Bank of America to report second-quarter earnings per share of 25 cents on revenue of $22.82 billion. Shares rose 2.01 percent in mid-day trade.
After the bell Thursday, Microsoft Corp. (NASDAQ:MSFT) is scheduled report fourth-quarter earnings. Analysts polled by Reuters expect the software company to report fourth-quarter EPS of 75 cents on revenue of $20.79 billion, compared with a profit of 67 cents a share on revenue of $18.06 billion in the year-ago period.
As of 12:02 p.m. Eastern, the Dow Jones industrial average lost 3.49 points, or 0.02 percent, to 15,448.36. The Standard & Poor's 500 Index rose 3.25 points, or 0.20 percent, to 1,679.51. The Nasdaq Composite Index advanced 6.83 points, or 0.19 percent, to 3,605.51.