Google (GOOG) Releases Quarterly Earnings Results, Misses Estimates By $0.20 EPS
Google (NASDAQ:GOOG) released its earnings data on Friday. The company reported $12.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $12.21 by $0.20, AnalystRatings.Net reports. The company had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $13.41 billion.
In other Google news, Chairman Eric Schmidt sold 2,033 shares of Google stock on the open market in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $1,094.04, for a total transaction of $2,224,183.32. Following the transaction, the chairman now directly owns 1,293 shares in the company, valued at approximately $1,414,594. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on GOOG shares. Analysts at Jefferies Group raised their price target on shares of Google from $1,150.00 to $1,300.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at Telsey Advisory Group reiterated a “not rated” rating on shares of Google in a research note to investors on Monday. They now have a $1,250.00 price target on the stock. Finally, analysts at Pacific Crest raised their price target on shares of Google from $1,135.00 to $1,450.00 in a research note to investors on Tuesday, January 21st. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Google has an average rating of “Buy” and a consensus target price of $1,099.98.
Google (NASDAQ:GOOG) opened at 1135.394 on Friday. Google has a 52 week low of $758.10 and a 52 week high of $1167.89. The stock’s 50-day moving average is $1118.81 and its 200-day moving average is $980.8. The company has a market cap of $379.3 billion and a price-to-earnings ratio of 30.12. Google also was the target of unusually large options trading activity on Thursday. Stock investors acquired 72,293 call options on the stock. This represents an increase of approximately 143% compared to the typical daily volume of 29,778 call options.
Google Inc (NASDAQ:GOOG) is a global technology company focused on improving the ways people connect with information.
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