Google beat its earnings consensus by 11%.Sales rose 37%,and they remain the search market leader.Android search is growing.Google+ has 40 million users.The company continued its robust hiring,generating controversy with the expense of adding 8.2% to its headcount.
According to analyst Gene Munster of Piper Jaffray,the core search business is doing well.The display business is also still doing well.Our price target's gonna be going up.There is some risk in terms of Europe,but the growth in Android is positive for our price target.Android handsets were a huge drive for clicks.
You've got to give them credit:a 13 year-old company hitting those metrics.There could be some big surprises with the MMI acquisition affecting capital expenditures,but there are broader positives for the advertising business,Mr.Munster indicated.
Google(GOOG)
No comments:
Post a Comment