Google Inc. (NASDAQ: GOOG) is out with earnings for its fourth quarter. The internet search giant reported earnings of $8.22 EPS (but $9.50 EPS adjusted) and $8.13 billion in revenues. Thomson Reuters had estimates of $10.49 EPS and $8.41 billion in sales.
With display advertising having been soft for a month or more, the drop and bounce seen recently has made predicting earnings difficult and the options traders were only pricing in a move of up to $ 17 to $20 in either direction after the earnings.
Google’s net came to $2.71 billion and the cost-per-click was down 8%. Total employees came to 32.467 and the company’s cash and cash equivalents came to $44.6 billion at the end of the year.
Google’s consensus mean price target from Thomson Reuters is just over $725.00.
Shares closed up 1% at $639.57 but the stock is now trading down close to 9% at around $580.00 in the after-hours reaction. We noted some dead air in the stock chart if its 50-day moving average did not hold and that is exactly what you are witnessing.
JON C. OGG
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.