Google (NASDAQ GOOG) had an awkward Q4 earnings report. While the report was mainly positive, it fell short off the targets which were made up from the analysts. Therefore Google received mixed remarks from the market. People were quick to point out the difference between the performance and the expectations. Others were content with the outcome and projected the stock to perform well in the coming months.
Here in this article, we will take a close look at the Q4 results posted by Google. We will look at what such results mean for Google in the coming months. It should give us a clearer picture of what we can expect from the stock in the time to come.
Also, such results would help us accurately expect the stock’s performance and reaction to different product launches and moves from Google. Just after the Q4 report, Google stock NASDAQ GOOG suffered a setback of around 3.5%. The stock was flat for a while after that.
Google Inc (NASDAQ GOOG) News: Excellent Results, Amazing Performance
Google posted fourth quarter EPS of $6.88 which is $0.20 below the projections. Revenues posted by Google were at $14.5 Billion. This is a number which grew at 16.5% year on year. However, this revenue was still less than the projected revenue by about $110 Millions.
Google have however made good progress in terms of innovation in the given quarter. Google X, Boston Dynamics, Air Field Deal and the plan to enter mobile service plan industry are some of the major projects which Google has been involved in. Google Fiber is another service which Google has been working on.
Google Inc Financial News (NASDAQ GOOG)
Google continues to perform well in the market. The stock has been performing well and it seems that the company is destined to perform well in the coming quarter as well.
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