Tech Companies News Byte: Stock Futures Mixed After Tech Sector Results Disappoint

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Tech Companies News Byte: Stock Futures Mixed After Tech Sector Results Disappoint

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Tech Companies News Byte: Stock Futures Mixed After Tech Sector Results Disappoint

Wochit 1:04 mins

Stock index futures were mixed, after the Dow and S&P 500 closed at record highs a day earlier, in the wake of disappointing results from tech giants Microsoft and Google. Samsung is reportedly close to completing its first deals to supply devices to U.S. government agencies since winning Pentagon security approval earlier this year. People familiar with the matter tell The Wall Street Journal that The South Korean electronics giant is negotiating a large deal for its devices with the FBI and a smaller one with the Navy. Microsoft reported fourth-quarter earnings of $4.97 billion, or 59 cents a share, on revenue of $19.9 billion. Wall Street expected the tech giant to report fourth-quarter earnings of 75 cents a share on revenue of $20.73 billion.

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