Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, July 17, 2015

Article Excerpt

GOOGLE INC., Nasdaq symbols GOOG (class C non-voting), $672.93, and GOOGL (class A voting), $699.62, jumped 16% after reporting better-than-expected earnings this week. In the three months ended June 30, 2015, the company’s earnings gained 17.7%, to $4.8 billion from $4.1 billion a year earlier. Per-share profits rose 16.9%, to $6.99 from $5.98, on more shares outstanding. That was well ahead of the consensus estimate of $6.71. Revenue increased 11.1%, to $17.7 billion from $16.0 billion, falling just short of the consensus forecast of $17.8 billion. Excluding the negative impact of currency-exchange rates, revenue gained 18%. The number of paid clicks on advertisers’ ads rose 18% in the latest quarter. That helped offset an 11% drop in the average cost advertisers paid per click, because more users are accessing the Internet with smartphones and tablet computers. Advertisers pay lower rates for mobile ads because they’re harder to see on these devices’ smaller screens than on desktops and laptops. As well, people are more likely…