Thursday, April 17, 2014

The Economy - Google

Google reported earnings after the market closed yesterday. Google earned $15.4 billion which was an increase of revenue of 19%. Unfortunately this was just shy of estimates so the stock is seeing some selling today. Earnings per share were $6.27, which was lower than what was expected as well. Google makes 90% of it's revenue from advertising, and things look good to me. Yes revenue and earnings missed expectations, but they are still growing. Google also still has plenty of cash on hand. About $59 billion, so it is in very good health. Google does need to continue to work on how to make more money from mobile advertising, and they also need to continue to expand the services they offer, but they are doing well and are poised to be on of the leaders in the digital age.

What do you think?

http://www.bidnessetc.com/21537-google-inc-googl-news-analysis-googles-first-quarter-2014-earnings/