Tech Stocks Up On Google Earnings - Tech Roundup
July 29 2016 - 4:58PM
Dow Jones News
Tech companies ticked up as a strong earnings week for the
sector continued. Google parent Alphabet said increased advertising
generated a 24% increase in profits. Earlier in the week, Google's
Silicon Valley peers Apple and Facebook similarly impressed
investors. Sony Corp. reported a surprising net profit in the
April-June quarter on strong PlayStation 4 sales, though it
downgraded the outlook for its struggling image-sensor business
because of the yen's recent rapid strengthening.
-Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
July 29, 2016 16:43 ET (20:43 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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