Another Google Milestone: $3B 4Q Earnings
Good news for Google as they embrace optimistic 2012 expectations with open arms.
This afternoon, Google will release data reflecting fourth quarter earnings. Results are expected to set another milestone record for the company.
When co-founder Larry Page took Eric Schmidt's place as CEO in early April of 2011, steady growth ensued for Google...
Since last April, stock prices have risen seven percent. One big competitor, technology-driven Nasdaq, dropped approximately one percent in the same time period.
In response to the surplus of positive data, Wall Street is confident “that Page will ensure Google remains a well-oiled moneymaking machine.”
This past year, Google's biggest setbacks revolved around the weakened euro and government debt crises. But if Google eased hiring, earnings would likely be even greater...
No signs of that happening — instead, Google added a record number of employees.
Last year, Google actually added about 7,000 workers, marking the largest payroll extension in the past 13 years of its existence.
With the addition of Google Plus, the workload has increased substantially.
As of October 2011, Google reported having acquired more than 40 million users (no new figures have been released since that time):
Facebook has more than 800 million users, so Plus has a long way to go before it poses a serious threat in social networking.
Analysts polled by FactSet expect that Google earned $10.50 per share, excluding the company's expenses for its employees' stock compensation. Revenue is expected to rise 31 percent from last year to nearly $8.4 billion, after subtracting ad commissions.
Looks like 2012 holds some good news for the search giant.
*Indented excerpts courtesy of ABC News.+4
Add a Comment (Pro Members Only)
More like this...4 Dividend Stocks for the Biggest Scarcity Trend of the Future
This commodity may soon become more precious than gold or oil...
Gun Stocks Gone Wild!
Gun buyers must be having a gunfight in the hunting store. Check it out...
These 3 Stocks Are Lifetime Income Generators
Some companies have the ability to continually increase their dividends on a yearly basis. While rare, these three stocks look good for the long haul.