Technology
Google Keeps Growing: Does the Stock Keep Growing Too?
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Larry and Sergey are out with fourth quarter earnings for Google Inc. (NASDAQ: GOOG). perhaps the news reports of the sale of the Motorola unit this week should have been a tell that Google wanted to simplify its operations. investors seem either complacent or confused after the report.
Earnings came in $12.01 in earnings per share. Google’s standalone revenue was up 22% year on year at $15.7 billion, while consolidated revenues rose by 17% to $16.86 billion. Thomson Reuters had estimates of $12.26 per share and $16.75 billion in revenue.
Where Google is about to get very complicated is in its structure. The company said:
Google Inc. announced today that its Board of Directors has approved a distribution of shares of the Class C capital stock as a dividend to our stockholders with a dividend record date of March 27, 2014 and a dividend payment date of April 2, 2014.
This may act as a split to some investors, but it seemed like a total grab for outright control to other investors.
In the fourth quarter of 2013, Traffic acquisition costs totaled $3.31 billion, or 24% of advertising revenues. Google’s effective tax rate was only 16% for the fourth quarter of 2013.
Google ended 2013 with cash, cash equivalents, and marketable securities of $58.72 billion. Other key metrics are as follows:
Google’s shares are still very close to the all-time high. Shares closed up 2.5% at $1,135.39 against a 52-week range of $750.25 to $1,167.89. The stock is ticking up and down marginally after the report with no clear direction.
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