Post-Earnings Coverage: Google
Editor Note: For more information about this release, please scroll to bottom.
LONDON, July 22, 2014 /PRNewswire/ --
Investor-Edge.com has issued free post-earnings coverage on Google Inc. (NASDAQ: GOOG) as the company recently featured in the headlines on Thursday, July 17, 2014, for reporting a 22% surge in total revenue in the second quarter of 2014, beating the market expectations. Our complimentary report can be accessed at:
http://www.investor-edge.com/register
Earnings Overview
Google Inc.'s second quarter FY 2014 earnings is its first quarterly release after the company entered into an agreement to sell its Motorola Mobile business. The company reported a year on year surge in its quarterly revenue while the GAAP net income improved 22 cents a share to $4.99 on 686 million diluted shares. During this period, the company incurred a net loss from discontinued operations of $68 million as the company disposed of the loss making Motorola Mobile business to Lenovo Group Limited. Sign up and read the free coverage on GOOG at:
http://www.Investor-Edge.com/GOOG-22Jul2014
Patrick Pichette, Chief Financial Officer, showed great satisfaction while announcing the company's phenomenal growth over the quarter, and said that the company is moving ahead with great product momentum. He also stated that Google would continue providing amazing user experiences with a long term view.
The company outperformed market expectations by reporting better than expected revenues for the second quarter 2014. Total revenue surged 22.00% to $15.96 billion from $13.11 billion, outperforming the Bloomberg consensus estimate of $12.32 billion. The global internet major reported non-GAAP net earnings of $4.18 billion, or $6.08 a share, compared with $3.36 billion, or $4.96 a share, in the year-ago quarter. However, the company's GAAP net income stood at $3.42 billion or $4.99 a share, below the market consensus GAAP net income estimate of $5.10 a share. The complimentary report on GOOG can be downloaded as in PDF format at:
http://www.Investor-Edge.com/GOOGFreeReport
Stock Performance
A day after the earnings release, Google Inc.'s shares surged 3.72% to close Friday's session, July 18, 2014, at $595.08. However, on Monday, July 21, 2014, Google Inc.'s shares fell 0.94% to end the day at $589.47, after vacillating between $585.23 and $594.40. A total of 2.06 million shares were traded, which was above its three months average volume of 1.83 million shares. Google Inc.'s shares have gained 1.17% in the previous three trading sessions, 5.95% in the last one month and 11.51% in the past three months. The company's shares are trading above their 50-day moving average of 557.61. The stock has a Relative Strength Index (RSI) of 64.59. Visit Investor-Edge and access the latest research on GOOG at:
http://www.Investor-Edge.com/GoogleCoverage
Insider Trading Sneak Peek
In the last one month, seven corporate insiders have sold 371,088 shares of Google Inc. worth $216.27 million at an average price of $582.80. Over the last one month, Google Co-founder Brin Sergey, sold 166,668 shares worth $97.60 million, while CEO Larry Page and Executive Chairman Eric E. Schmidt have disposed 99,996 and 92,734 shares, respectively. Free in depth research on GOOG is available at:
http://www.Investor-Edge.com/GoogleInsiderTrading
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EDITOR'S NOTES:
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