Morning Buzz: Google (GOOG), Fitbit (FIT), Home Depot (HD), Microsoft (MSFT)

Google (GOOG) – The Wall Street Journal reports the search giant is shutting down its online shopping comparison site after one year. The site allowed online shoppers to view multiple offers from auto insurers, mortgage lenders and credit-card issuers after entering personal information.

Google shares are down fractionally to $704.66 in morning trading on Tuesday.
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Shares of Fitbit Inc. (FIT) are lower by more than 15% to $14.02 in morning trading on Tuesday after the wearables maker reported better-than-expected Q4 results, but posted weak forward-looking guidance. The home retailer handed in earnings of $0.35 per share on revenue of $711.6 million, beating Wall Street estimates of $0.25 per share on revenue of $648 million.

For Q116, Fitbit provided EPS guidance of $0.00-$0.02 versus consensus of $0.23 per share. The company also issued revenue projection of $420-$440 million, compared to the consensus revenue estimate of $484.59 million.
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Home Depot, Inc. (HD) shares are up $3.50 to $126.35 in morning trading Tuesday after the company reported fourth quarter earnings results that beat Wall Street estimates.

The name posted earnings of $1.17 per share on revenues of $20.98 billion, up 9.5% from a year ago. Analysts were expecting EPS of $1.10 on revenues of $20.40 billion.

The company guided FY16 revenues of $93.03-$93.83 billion, as compared to analysts’ expectations of $92.92 billion. The management also gave its bottom line range of $6.12-$6.18 per share, against projections of $6.15 per share.
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Microsoft (MSFT) – M’soft founder and former CEO Bill Gates told The Financial Times that tech companies should be forced to cooperate with law enforcement authorities. Gates’ remarks were made as the FBI is asking Apple (AAPL) to help it unlock an iPhone used by one of the shooters in the San Bernardino massacre.

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