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Google (GOOG) Surges 8%, Hits New All-Time High Following Q3 Report

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Google (GOOG) Surges 8%, Hits New All-Time High Following Q3 Report Powered By Docstoc
					                                    Robert DeFrancesco’s
                            Tech-Stock Prospector
October 17, 2013

Google (GOOG) Surges 8%, Hits New All-Time High on Q3 Report

Ahead of the Google (GOOG, $959.49 after hours, +7.9%) Q3 earnings report, some
had speculated that the company would not meet expectations.

But Google came through, reporting EPS of $10.74, above the consensus estimate of
$10.34, on revenue of $14.89 billion, vs. the consensus of $14.8 billion.

Paid clicks rose 26% year over year, accelerating from growth of 23% in Q2 and
20% in Q1. CPC for Q3 was down 8%.

Google ended the quarter with cash & investments of $56.5 billion.

One note from the conference call: YouTube now gets 40% of its traffic from mobile,
up from 25% last year and 6% two years ago. I continue to think the YouTube unit is
underappreciated on Wall Street.

Google has been in our Tech-Stock Prospector Model Portfolio #1 since May 2010,
when it traded at $499.26.

In after-hours trading, the stock jumped nearly 8% and zoomed through its previous
all-time high of $928.

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Read the October 2013 issue of Tech-Stock Prospector on your Amazon Kindle or
Kindle for iPad/iPhone reading app.

Here are some of the topics covered in the latest issue:

*Trend Watch: The Internet of Things
*Cisco Systems benefits from the smart grid build-out
*Machine-data analysis made easy with Splunk
*A chipmaker sees opportunity in embedded intelligence
*Can the big rebound in Yahoo shares continue?
*Why F5 Networks is attracting more Wall Street bulls
*Akamai Technologies ramps up its sales force for new growth
*How the latest WiFi standard helps Aruba Networks
*4 small-cap takeover ideas for Oracle
*Apple bulls get more optimistic about new product cycles
*Palo Alto Networks gains visibility into security demand
*Tableau Software brings data visualization to the masses
*Why some big investors like Ruckus Wireless
*Recent IPO Benefitfocus brings cloud disruption to health insurance
*Fidelity boosts its stake in beaten down Riverbed Technology
*Fortinet secures SDN environments in the cloud
*Deal Report: Fusion-IO takeover chatter surfaces again

Order the October 2013 issue of TSP here:
http://www.amzn.com/B004T6Z0ME


Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20
years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street.

TechStockProspector.com, launched in 2003, is an investment-research service
focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350.

For more information or to place an order, call 800-392-0998.

				
DOCUMENT INFO
Description: Google in Q3 beat expectations on both the top and bottom lines