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Stock Market & Financial Investment News

News Breaks
April 12, 2012
11:20 EDTMMI, GOOGEarnings Preview: Google's Q1 results could closely resemble Q4 numbers
Google (GOOG) is expected to report Q1 earnings after the market close on Thursday, April 12, with a conference call scheduled for 4:30 pm ET. The consensus estimate is $9.65 for EPS and $8.15B for revenue, according to First Call. Google reported weaker than expected fourth quarter results after its third quarter results beat expectations. The outlook for first quarter results is mixed, as Google's shares have pulled back a bit in the last few weeks. In fact, Google shares have slipped 1.54% this year, compared to the Nasdaq's gain of 15.79%. Last quarter, Investors were particularly concerned about an unexpected drop in prices for Google's Internet search ads. Some analysts believe the change reflects a shift to more searches on smartphones, where advertising rates are lower. Others are worried that the downturn in ad prices is a sign that Google is losing share to competitors, including Facebook (FB). Investors will be looking for clues in order to determine whether the drop in ad prices last year was an aberration or the start of a trend that could slow the company's growth. Google's Q1 expenses also are likely to be a focal point of the report, as CEO Larry Page has pledged to make expensive investments in employees and projects that he believes will boost the company's long-term returns. Analysts also will likely inquire about the status of Google's proposed $12.5B acquisition of cellphone maker Motorola Mobility Holdings (MMI). Needham's Q1 estimates are below consensus expectations, with the firm predicting that the company will be hurt by continued declines in cost-per-click, or CPC, rates and weakness in Europe. The firm expects Google to report Q1 net revenue of $8.043B and pro forma EPS of $9.26. Needham says that while the number of Google's U.S. core search queries increased 9% YoY in Q1, strong mobile growth should push overall query growth ahead of these expectations. However, the firm believes that CPC rates could decline 4%. Additionally, Needham believes that European search spending continued to slow due to the macro environment there. After conducting industry checks and evaluating YouTube trends, Nthe firm expects the growth of Google's display business to moderate in Q1. However, Needham expects advertisers to continue to allocate more of their budgets to Google, given its deep search relationships, large YouTube audience, and end-to-end display advertising ecosystem. Android activations reached 850,000 per day in Q1, Needham notes, and the operating system should continue to be the primary growth engine for Google's mobile advertising and app revenue, said the firm. Needham maintains a Buy rating on the shares with a $750 price target. Consensus estimates for Q2 and FY12 are: $10.01 on $8.43B in revenue and $42.60 on $35.45B in revenue, respectively.
News For GOOG;MMI From The Last 14 Days
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April 8, 2015
14:50 EDTGOOGGoogle plans ad-free YouTube subscription service, Bloomberg says
Google (GOOG) is planning to launch a YouTube subscription service as early as this year, reports Bloomberg, citing a person with knowledge of the matter and a YouTube letter sent to certain content creators on the site. The new paid version of the site will be free of ads and may include a type of offline access to YouTube. Bloomberg notes that the move will put the streaming site into closer competition with Netflix (NFLX), Time Warner's (TWX) HBO Now, and similar paid streaming services. Reference Link
12:36 EDTGOOGGoogle, Facebook not discussing Twitter buyout, Re/code reports
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12:26 EDTGOOGThe Street's Eric Jackson says Google not buying Twitter
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11:12 EDTGOOGCLA technology analysts hold an analyst/industry conference call
Analysts discuss Google Algorithm change for mobile on an Analyst/Industry conference call to be held on April 9 at 10 am.
06:47 EDTGOOGGoogle could benefit from losing Safari default status, Business Insider says
Google's (GOOG) revenue could actually rise if Apple (AAPL) decides to drop Google as the default search engine on its Safari web browser, according to Business Insider, which cited a note from Goldman Sachs. If Apple drops Google, 48% of Safari users polled by Goldman said they would utilize Google's search engine anyway, Business Insider quoted Goldman as saying. If Google is able to retain 50%-70% of the ad revenue generated by Safari users after being removed as Safari's default search engine, Google's profits will rise about 5%-10%, since Google pays Apple for its default status, Business Insider quoted Goldman as saying. Reference Link
06:02 EDTGOOGGoogle plans service to connect users with home-service providers, BuzzFeed says
Google (GOOG) is planning a service to connect users with plumbers, electricians, roofers and other home-service providers, BuzzFeed reported yesterday, citing sources close tot he company. The new service is expected to be announced at an advertising conference later this spring. Amazon (AMZN) last week launched its new Home Services site. Reference Link
April 7, 2015
16:27 EDTGOOGFTC to review complaints against YouTube Kids app, Washington Post says
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13:59 EDTGOOGGoogle says Google Moderator to shut down on July 31
Google says its Google Moderator will shut down on July 31. The company says, "Unfortunately, Google Moderator has not had the usage we had hoped, so we’ve made the difficult decision to close down the product. We want to ensure users have enough time to export their Moderator series data using our Takeout tool. Please take a look at the timeline below for more information. March 30 is the first day that you can download your Google Moderator data from Takeout. Your data from past Moderator series will be available in Takeout for at least two years. June 30 will be the last day you can create a new series, ask a question, or vote on a question. For the month of July, Google Moderator will be 'read-only. July 31 is Moderator’s last day. The site will no longer be available in any form, but you will be able to access data from past Moderator series through our Takeout tool for at least two years." Reference Link
07:03 EDTGOOGCyrusOne announces direct connectivity to Google Cloud Platform
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06:46 EDTGOOGApple Pay, Google Wallet could see competition from CurrentC, Macworld says
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06:25 EDTGOOGGroups urge authorities to probe YouTube app, Reuters says
Advocacy groups say they will urge federal regulators to probe a video app for Google's YouTube, according to Reuters. Aimed at children, the app deceptively blends video programming and ads, the news service quoted the groups as saying. Reference Link
06:21 EDTGOOGGoogle Ventures leading $12M investment in CoreOS, Business Insider reports
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06:00 EDTGOOGTurkey restores access to YouTube, Twitter, Facebook, FT reports
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April 6, 2015
19:42 EDTGOOGSurvey of iPhone, iPad users indicates preference for Google search, BI says
48% of Apple (AAPL) iPhone and iPad users report that if Yahoo (YHOO) were to acquire default search engine rights for Apple's Safari browser, they would manually switch the default search back to Google (GOOG), reports Business Insider, citing a survey of roughly 500 Apple users by Goldman Sachs tech analysts. 4% of the surveyed users stated they would intentionally keep Yahoo as the default. Reference Link
09:56 EDTGOOGGoogle in talks with Hutchison for cheaper overseas calls, Telegraph reports
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09:36 EDTGOOGActive equity options trading on open
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06:32 EDTGOOGGoogle Ventures-backed Buttercoin to shut down
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05:54 EDTGOOGYouTube planning advertising campaign aimed at Canada, Globe and Mail says
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April 5, 2015
16:56 EDTGOOGEU considers major probe into Internet platforms, WSJ says
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14:32 EDTGOOGAntitrust suit against Google over Android app limits dropped, Reuters says
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