Google (NASDAQ GOOG) posted its quarterly reports last week and the stock has been seeing the effects ever since. The search engine giants have not been performing well in the stock market. The NASDAQ GOOG stock has come down by around $11 and ended the Thursday’s trading session at $538. This level is way lower as compared to the $571 levels at which the stock traded, not a long while ago.
Here in this article, we will take a closer look at the Google’s Earnings report and also at the stock’s performance. It would be interesting to see how the stock reports in the coming weeks.
We will also take a glance at some of the pipeline Google projects which might make an impact on the stock in the coming days.
Google Inc (NASDAQ GOOG) News:NASDAQ GOOG Stock
On April 23, Thursday, Google (NASDAQ GOOG) released their quarterly earnings reports and here we will analyse the same. The reports which were released by Google saw the search engine giants missing on the expected EPS as well as on the revenue generation for the quarter.
The EPS reported was of $6.88 as compared to the estimated $7.31. Also, the revenues generated was of $14.4 Billion as opposed to the predicted $14.61 Billion. However, such results were rather expected given the currency and exchange rates issue which the market has faced. In the times leading to the price drop, Google stock saw itself rise to a small peak of $571.
Google Inc Financial News (NASDAQ GOOG)
Google (NASDAQ GOOG) remains a top performing stock in the market currently. Despite a poor performance in the quarter that past by, the analysts have been holding the stock in high regards and are expecting the stock to perform well in the coming weeks. Stay tuned for further updates.
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