Google's giant gains; Honeywell's sweet results; Hertz drives up
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Google (GOOGL) shares hit record highs after a huge quarter. Q2 earnings far exceeded Wall Street's expectations. Profit beat estimates by $0.29 at $6.99 a share. Revenue rose by 11%. The solid growth comes as the world's largest internet search provider faces falling advertising prices.
Honeywell
Honeywell (HON) was also up after beating Wall Street estimates. The company posted quarterly profit of $1.51 a share, $0.02 better than expectations. Revenue was also slightly better than expected. The manufacturing giant raised the lower part of its year-end earnings guidance by $0.05.
Hertz
Hertz (HTZ) drove higher after finally releasing its restatements. Shares gained double digits after Hertz said it misstated pre-tax income for more than two years by $207 million. At the same time, the car-rental company increased its annual cost savings target to $300 million. Hertz also announced a $1 billion stock buyback program.