Google; IBM; Microsoft; Merrill Lynch

Google, #1 Internet search engine, posted a Q2 profit that trailed analysts estimates, sending the shares down as much as 12%.

Clicks on advertisements climbed 19%, decelerating from growth of 47% in the year-earlier period.

IBM, the world's largest computer-services provider, said Q2 profit increased 22% as sales +13% climbed in emerging markets.

Microsoft, the world's biggest software maker, posted Q4 profit +42% that trailed analyst estimates

and gave a disappointing forecast after a sluggish U.S. economy crimped sales +18%.

Merrill Lynch, #3 U.S. securities firm, reported its fourth straight quarterly loss ($4.65 billion) as the firm compounded its credit-market writedowns.

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