The company says mobile advertising grew by more than a third as revenue and earnings jump. The stock tops $30 after hours.
Thanks to strong iPhone sales, earnings top estimates but are down nearly 20% from a year ago. The company promises new products in the fall and 2014.
Shares slump after hours, after the company adds fewer domestic subscribers than expected.
Technology is showing some strains. Netflix and Apple earnings will be very important in the week ahead. It remains to be seen whether rising oil and gas prices will hurt consumer spending.
A decent report on jobless claims and gains for IBM and financial stocks fuel the rally. Big tech stocks pull back. Microsoft and Google earnings disappoint.
American Express, IBM and United Health are also reporting mid-week.
Stocks soar after the Federal Reserve chairman says the economy still needs help, and the Fed expects to keep rates low.
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'We're not exactly in a uniformly strong market,' says the notably pessimistic newsletter publisher.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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