January 9, 2012 by admin · Comments Off
You hang out with bad neighbors and you get slammed.
Motorola Mobility Holdings
Apparently, Motorola Mobility Holdings – which Google is set to acquire for $12.5B – announced worse than expected financial results.
We know how it works. Shoot first, ask questions later. Apparently Google’s stock price is reflecting Motorola’s results.
July 16, 2010 by admin · Comments Off
See what happens when you miss analysts estimates by 1% – Google stock takes a 5% beating, down $24 as of this writing.
That’s right, Google earnings estimates was $6.52 versus actual at $6.45. Ouch.
It will be interesting to see if GOOG can close higher than today’s opening of $469.12. Maybe, just maybe, this will be a slight blip in the cent rally from the early July lows.
Lower term, the stock price has lost a lot of momentum. The stock recently peaked out around $600 / share near USA tax day, 15 April. Even the once rising 200 day moving average (~$540) has started to roll over to the downside.
April 15, 2010 by admin · Comments Off
Not just Google stock.
Guess that’s what is happening to GOOG in after hours trading. The stock was up $6.30 during the regular trading day … and down $27.02 in after hours trading as of this writing.
Reading the news, sounds like investors are leery of Google’s increase in spending, notably adding almost 800 employees during the quarter.
For those that care about the facts, quarterly revenue was up about 23% to 6.78B, earnings came in at ~$2B (~$6.06 / share). That puts the PE ratio at a lofty 94.