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Stock Market & Financial Investment News

News Breaks
January 31, 2014
12:52 EDTGOOGGoogle advances after reporting higher than expected revenue
Shares of Google (GOOG) are climbing after the company reported higher than expected fourth quarter revenue, but lower than expected profit. WHAT'S NEW: Google's fourth quarter earnings per share came in at $12.01, versus analysts' consensus estimate of $12.26. The company's revenue came in at $16.86B, surpassing the consensus estimate of $16.75B. Google stated that the volume of clicks on paid ads jumped 31% last quarter versus the same period in 2012, while the average cost per click fell about 11% over the same period. Revenue from the company's sites rose to $10.55B last quarter, up from $8.64B in the same period in 2012. Gross revenue from its Google segment climbed 22%, while the company's other revenue surged 99% to $1.6B. The large increase in other revenue was driven by higher sales of apps and content from the company's Play store. Google said the momentum of its new product listing ads was strong, while sales of its hardware devices were also strong. ANALYST REACTION: A number of research firms reacted to Google's results by increasing their price targets on the stock. Deutsche Bank analyst Ross Sandler increased his price target on the shares to $1,310 from $1,220. He wrote that the growth of the company's core business accelerated, and the company should benefit from a significant increase in the number of mobile transactions,and kept a Buy rating on the stock. FBN Securities analyst Greg Naso increased his price target on the stock to $1,400 from $1,300. The search giant announced earlier this week that it was selling the Motorola Mobility unit, which should cause Google's profitability to rise significantly and is a strong positive for the company, Naso believes. He reiterated an Outperform rating on the shares. PRICE ACTION: In early afternoon trading, Google shares climbed $44.67, or 3.93%, to $1,180.06.
News For GOOG From The Last 14 Days
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February 24, 2015
06:49 EDTGOOGGoogle bans sexually explicit content from websites hosted on Blogger
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06:39 EDTGOOGVisa Europe announces 'tokenisation service'
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06:34 EDTGOOGGoogle said to be rearranging engineers in Glass department, 9to5Google reports
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February 23, 2015
12:33 EDTGOOGAndroid antitrust lawsuit against Google dismissed, Reuters says
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12:28 EDTGOOGGoogle reaches deal with wireless carriers, acquires Softcard tech, Re/code says
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09:39 EDTGOOGActive equity options trading on open
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09:39 EDTGOOGYouTube confirms launch of kids app
Google's (GOOG, GOOGL) YouTube confirmed its launch of the YouTube Kids app, "the first Google product built from the ground up with little ones in mind," which the company said makes it safer and easier for children to find videos on topics they want to explore. The app is now available for free on Google Play and the App Store in the U.S. Reference Link
08:24 EDTGOOGGoogle Vietnam site disrupted by hackers, WSJ says
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06:31 EDTGOOGGoogle reaches preliminary agreement with Italian regulators, WSJ says
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February 20, 2015
07:42 EDTGOOGFDA authorizes 23andMe to market genetic testing for Bloom Syndrome
The U.S. Food and Drug Administration yesterday authorized for marketing Google-backed 23andMe’s Bloom Syndrome carrier test, a direct-to-consumer genetic test to determine whether a healthy person has a variant in a gene that could lead to their offspring inheriting the serious disorder. Along with this authorization, the FDA is also classifying carrier screening tests as class II. In addition, the FDA intends to exempt these devices from FDA premarket review. The agency plans to issue a notice that announces the intent to exempt these tests and that provides a 30-day period for public comment.
06:22 EDTGOOGYouTube to release stand-alone app for kids, WSJ says
Google's YouTube is planning to release a smartphone and tablet app for kids featuring original episodes of television shows including "Thomas the Tank Engine" and "Sesame Street," as well as content from existing YouTube kids channels, reports the Wall Street Journal, citing a person familiar with the matter. The app -- slated for an official reveal Monday at the Kidscreen Summit -- will initially only be available for Android devices. The source said the inclusion of ads is "under discussion." Reference Link
February 19, 2015
06:34 EDTGOOGYouTube to unveil paid music service soon, Reuters reports
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February 18, 2015
15:15 EDTGOOGAngie's List could be more attractive to buyers given traction, says Barrington
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11:49 EDTGOOGFacebook CEO would 'love to work with Google' on connectivity, Bloomberg says
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07:48 EDTGOOGYandex requests anti-trust investigation against Google, TechCrunch says
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07:06 EDTGOOGGoogle Capital hiring for India expansion, WSJ says
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06:20 EDTGOOGApple awarded patent for wireless head-mounted display, Financial Times reports
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February 17, 2015
12:12 EDTGOOGAT&T to match Google Fiber speed, pricing in Kansas City area, KC Star says
AT&T (T) announced on Sunday that it would offer Internet service in Kansas City and several of itssuburbs, with the same speed and pricing as Internet service provided by Google's Google Fiber service in the region, according to The Kansas City Star. Reference Link
10:31 EDTGOOGApple rises as analysts applaud reported auto ambitions
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08:50 EDTGOOGGoogle launches Chinese YouTube channel for app developers, TechCrunch says
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