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Tech Five: Google buoys investors with big second quarter

Trisha Thadani
USA TODAY
Ruth Porat. Google finance officer

Following six quarters of disappointing results, Google's second-quarter earnings topped analyst expectations. Company shares shot up nearly 10% in after hours trading Thursday, and were rallying nearly 12% Friday morning.

Let's take a look at the tech stocks to watch Friday:

Google (GOOG): The company buoyed investors with earnings Thursday, attributing its growth to strong performances from YouTube and mobile search ads. Google's new finance chief Ruth Porat suggested more transparency with investors, while signaling more financial discipline and greater accountability.

Advanced Micro Devices (AMD): As market demand for personal computers weakens, Advanced Micro Devices continues to struggle. The company released disappointing earnings Thursday, adding to the increasing lack of confidence by investors. Company shares were down nearly 4% during morning trading.

Netflix (NFLX): Netflix shares hit a new high Thursday. After a successful week of its seven-for-one stock split and the release of favorable second-quarter earnings report, shares were up during Friday morning trading.

eBay (EBAY): eBay says goodbye to PayPal today. The company released second quarter earnings Thursday that beat analyst expectations. Meanwhile, eBay also reached a definitive agreement to sell eBay enterprise unit to a private equity firm for $925 million. Company shares were slightly down during morning trading.

Twitter (TWTR): As Twitter looks to shift its communications strategy and direction, Twitter's chief of communications, Gabriel Stricker, announced his departure from the company Thursday. Company shares were up more than 1% during Friday morning trading.

Follow USA TODAY reporter Trisha Thadani on Twitter: @TrishaThadani

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