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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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May 19, 2015
09:51 EDTGOOGYelp early strength attributed to talk of buyout
The early move higher in shares of Yelp is being attributed to speculation that Google (GOOG) may have interest in acquiring the online review site. The Wall Street Journal on May 7 reported that Yelp has hired banks to explore a sale. Shares of the company are up $1.05 to $47.61 in early trading.
08:20 EDTGOOGVerizon CFO sees net phone additions in Q2
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06:59 EDTGOOGYouTube Kids app receives complaints of 'inappropriate content', WSJ says
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May 18, 2015
11:47 EDTGOOGAmazon unlikely hurt by Google Buy button in next 3 years, says Piper Jaffray
Piper Jaffray analyst Gene Munster said he does not expect Google's (GOOG) addition of a "Buy" button for mobile e-commerce hurting Amazon.com (AMZN) over the next 1 to 3 years, but he does believe Google's plan presents a longer-term threat to "chip away" at Amazon's growth rate. However, Munster thinks it will be "next to impossible" for Google to replicate Amazon's core infrastructure and customer experience and he keeps an Overweight rating and $475 price target on Amazon shares.
08:22 EDTGOOGVerizon deal has multiple positive catalysts, says Wells Fargo
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07:59 EDTGOOGGoogle Buy button a natural fit for mobile shopping listings, says Baird
Baird noted Google added a Buy button to accompany mobile product listings and believes it will improve the company's e-commerce search competitiveness. Baird reiterated its Outperform rating and $690 price target on Google shares.
May 17, 2015
18:56 EDTGOOGGoogle to feature 'buy' button in sponsored search results, WSJ says
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16:50 EDTGOOGWhite House wavers on backing Google, Oracle in copyright suit, Reuters says
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May 15, 2015
16:28 EDTGOOGAppaloosa Management gives quarterly update on stakes
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08:46 EDTGOOGMobile operators ad blocking plan sets up fight with Google, FT reports
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07:22 EDTGOOGGoogle's self-driving cars to roll out in California this summer, Re/code says
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06:24 EDTGOOGGoogle Glass team may be focusing on multiple wearable products, BI reports
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May 14, 2015
19:04 EDTGOOGMicrosoft announces mobile-friendly search result changes
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12:03 EDTGOOGVringo seeks Supreme Court review of reversal of judgment against Google
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11:01 EDTGOOGADT Corp. announces product integration with Google's Nest
ADT (ADT) announced today a product integration with Nest (GOOG). Launching this summer, the integration will be another example of ADT’s continued desire to open up its ecosystem, paving the way for future opportunities.
09:34 EDTGOOGActive equity options trading on open
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06:09 EDTGOOGGoogle's PR chief Whetstone leaves for Uber, WSJ reports
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May 13, 2015
15:43 EDTGOOGGoogle moves corporate applications to cloud, WSJ says
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08:00 EDTGOOGGoogle fight with EU over 'right to forget' may end up back in court, WSJ says
Google has set up a detailed process to comply with the European Union's "right to forget" rules and removed hundreds of thousands of links in search results for people's names from the European versions of its search engine, but European regulators argue that the company is undermining the decision by not applying it globally, reported The Wall Street Journal. Google says it wants to avoid seting a precedent that one region can set global rules for the Internet and the fight may end up back in court, the report added. Reference Link
06:11 EDTGOOGBoeing ends work on only small satellite program, WSJ reports
Boeing is no longer working on a program for HySpecIQ, a private equity-backed startup, which had ordered two Boeing 502 Phoenix satellites that were expected to be launched in 2018, The Wall Street Journal reports. Boeing has ended work on the imaging spacecraft, its only small satellite order, due to the downturn in the natural resources market, the publication adds.
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