Google Looks To Beat Street Estimates As It Reports Earnings On Thursday

By Kin Talk on Thursday, October 17, 2013 with 1 comment

I looked at a bunch of stocks today and the most attractive one appears to be Google (NASDAQ:GOOG). It’s pretty obvious that it should see active trade today as it reports earnings after the bell.
Investors are generally bullish since ad dollar growth remains robust. The nicest thing to hear for GOOG shareholders is that it is not losing ad dollar share to FB. According to IDC, Android enjoys 79.3% of the global market share. 
Advertising dollar growth likely remained strong at Google
Most analysts project Q3 ad performance to be solid. RKG’s client ad spend trends for Google during Q3 indicate 18% growth on an annualized basis.
Google generates a vast majority of revenue via search. The question arises about who just might be a logical competitor(s) in the years ahead that can hope to take a bite out of Google’s essential monopoly on Search.
Android TV
In a move that looks to steer away from hardware (something Google hasn’t been the best at), the search giant is looking to rebrand its smart TV service from Google TV to Android TV.
There are definitely seem deep implications for GOOG’s overall strategy and it is seen as encouraging bit of news for investors. After all, Android is an operating system that is effective across manufacturers. Whereas, Apple has a closed system, so if you’re running iOS, you’re using Apple hardware too.

Category: Stocks

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1 comments:

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