Google Blows it Out

Big quarter from the Googster ($GOOG) tonight, definitely what the Nasdaq needed to see.

Here’s Bloomberg:

Google Inc. (GOOG), owner of the world’s largest Internet-search engine, reported sales and profit that topped analysts’ estimates, a sign the company is benefiting from efforts to expand in mobile and display advertising.

Second-quarter sales, excluding revenue passed on to partner sites, rose to $6.92 billion, Mountain View, California- based Google said on its website. That topped $6.57 billion, the average estimate of analysts surveyed by Bloomberg. Net income gained 36 percent to $2.51 billion, or $7.68 a share, from $1.84 billion, or $5.71, a year earlier. Shares leapt in late trading.

Larry Page and Co are back to being an aggressive, quick-moving firm.  Here’s what The Street was most excited about:

Display market share should double from 4.5% in 2009 to almost 10%.  Android is adding 550,000 activated devices a day and has double Apple’s market share in smartphone OS.  Google+ is a runaway freight train as well and is shushing the naysayers that said Google was only good at search (10 million users of + so far, very rapid adoption).

Read more highlights below.

Source:

Google Tops Estimates, Shares Surge on New Ads (Bloomberg)

Tags:

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. thenaturalpenguin.com commented on Sep 15

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2011/07/14/google-blows-it-out/ […]

  2. kalpa pharma winstrol 50 review commented on Oct 08

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2011/07/14/google-blows-it-out/ […]

  3. Strawberry and Banana Smoothie commented on Nov 19

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2011/07/14/google-blows-it-out/ […]

  4. clique commented on Nov 29

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2011/07/14/google-blows-it-out/ […]

  5. Energy Rates commented on Dec 19

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2011/07/14/google-blows-it-out/ […]

  6. Pioneer DEH-1220 MP manuals commented on Jan 20

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2011/07/14/google-blows-it-out/ […]

  7. bandar ceme commented on Jan 21

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2011/07/14/google-blows-it-out/ […]

  8. Epson Stylus C80N manuals commented on Jan 22

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2011/07/14/google-blows-it-out/ […]