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Stock Market & Financial Investment News

News Breaks
April 12, 2012
11:20 EDTGOOG, MMIEarnings 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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October 17, 2014
06:18 EDTGOOGGoogle price target lowered to $652 from $684 at Citigroup
Citigroup lowered its price target for Google (GOOGL) shares to $652 following the company's Q3 results and keeps a Buy rating on the name. Citi calls the results "relatively good."
06:13 EDTGOOGLVMH could pair with a tech company to launch smartwatch, WSJ reports
LVMH Moet Hennessy Louis Vuitton (LVMUY) says it could team up with with a technology company to launch a smartwatch for one of its brands, the Wall Street Journal reports. Jean-Claude Biver, president of LVMH’s watch division, commented "Maybe in nine months, we will have a smartwatch." Publicly traded smartwatch makers include Apple (AAPL), Google (GOOG) and Samsung (SSNLF). Reference Link
05:44 EDTGOOGGoogle growth story remains intact, says Piper Jaffray
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October 16, 2014
18:36 EDTGOOGOn The Fly: After Hours Movers
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17:29 EDTGOOGGoogle says Omid Kordestani now officially Chief Business Officer
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16:05 EDTGOOGGoogle reports Q3 Sites revenue $11.25B vs. $9.38B last year
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16:04 EDTGOOGGoogle shares drop 5% to $508.51 after Q3 misses estimates
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16:03 EDTGOOGGoogle reports Q3 average cost-per-click down 2% vs. last year
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16:02 EDTGOOGGoogle reports Q3 aggregate paid clicks up 17% vs. last year
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16:02 EDTGOOGGoogle reports Q3 EPS $6.35, consensus $6.53
Reports Q3 revenue $16.52B, consensus $16.57B.
15:26 EDTGOOGNotable companies reporting after market close
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14:42 EDTGOOGeBay appears done with same-day delivery 'experiment,' Re/Code says
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14:26 EDTGOOGGoogle technical comments ahead of earnings
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14:04 EDTGOOGGoogle seen testing high-speed wireless service, Reuters says
Telecommunications experts that have seen Google's regulatory filings are saying that the company may be preparing a wireless version of its high-speed "Fiber" Internet service, says Reuters. Reference Link
12:49 EDTGOOGEarnings Preview: Google shares down 8% since last earnings report
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10:06 EDTGOOGThe Federal Trade Commission (FTC) to hold a conference
7th Annual Federal Trade Commision Microeconomics Conference is being held in Washington, D.C. on October 16-17.
08:24 EDTGOOGSchneiderman, Gascon applaud Google for 'kill switch' incorporation
Attorney General Eric Schneiderman and San Francisco District Attorney George Gascon issued the following statement on the release of Google’s new version of Android software, which will incorporate theft deterrent technology for the first time. Both Schneiderman and Gascon said, “We applaud Google for including a ‘kill switch’ solution in its new version of Android. The majority of smartphone owners now have access to an theft-deterrent solution. Through the work of the Secure Our Smartphones Initiative in concert with the smartphone industry, we are well on our way to safeguarding our loved ones from opportunistic thieves. But in order for these theft deterrents to effectively end the epidemic, they must be enabled by default so violent criminals lack the incentive to steal any smartphone. We will continue to encourage every actor in the smartphone industry, including Google, to take the necessary, additional step of ensuring this technology is opt-out on all devices.” Reference Link
08:06 EDTGOOGAlmunia says political pressure around Google case 'unprecented,' WSJ reports
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06:14 EDTGOOGGoogle Fiber coming to Austin, TX in December, GigaOM reports
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06:00 EDTGOOGMicrosoft says working with YouTube to reinstate content inadvertently removed
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