Here’s Why Google Shares are Up After Earnings January 20th
This story from Wall Street Cheat Sheet
Google (NASDAQ:GOOG) was anticipated to save the tech sector from a serious selloff this week. Now, they are adding to the chaos with a surprise shakeup in the C-Suite:
- Starting from April 4, Larry Page, Google Co-Founder, will take charge of Google’s day-to-day operations as Chief Executive Officer.
- Eric Schmidt will assume the role of Executive Chairman, focusing externally on deals, partnerships, customers and broader business relationships, government outreach and technology thought leadership–all of which are increasingly important given Google’s global reach. Internally, he will continue to act as an advisor to Larry and Sergey.
- Sergey Brin, Google Co-Founder, will devote his energy to strategic projects, in particular working on new products.
Google CEO Eric Schmidt said:
“We’ve been talking about how best to simplify our management structure and speed up decision making for a long time. By clarifying our individual roles we’ll create clearer responsibility and accountability at the top of the company. In my clear opinion, Larry is ready to lead and I’m excited about working with both him and Sergey for a long time to come.”
Shares are up 1.8%, but totally erratic.
What do we think?
Google crushed Wall Street expectations. Revenues came in at $6.37 billion versus Wall Street expectations for $6.06 billion. Net income came in at $8.75 a share versus expectations for $8.09 a share. One area for concern was operating income of $2.85 billion versus $3.31 billion expected.
Google delivered on its most highly watched divisions:
Online Ads: Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased approximately 18% over the fourth quarter of 2009 and increased approximately 11% over the third quarter of 2010.
Android: Details on earnings call at 4:30PM EST — refresh this page for our live update.
Youtube: Details on earnings call at 4:30PM EST — refresh this page for our live update.
Google TV: Details on earnings call at 4:30PM EST — refresh this page for our live update.
Google in China (NYSE:FXI): Details on earnings call at 4:30PM EST – refresh this page for our live update.
What are the risks going forward?
The big risk at Google is how long, if ever, the company will finally produce another revenue generating asset like AdSense. The bad news is nothing has emerged even after years of business development. The good news is Android has a very high probability of becoming the Windows (NASDAQ:MSFT) of mobile.
Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter >>
Read more at Wall Street Cheat Sheet – The Trade
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.