BofA/Merrill Lynch Downgrades Google (GOOG) to Neutral
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October 19, 2012 11:22 AM EDT
Google (NASDAQ: GOOG) created outrage on Wall Street Thursday after its filing firm accidental released third quarter results early and the numbers were anything put strong. The company missed analysts views on the top and bottom-line and shares sold off 8 percent. Now that analysts have had time to digest the numbers and hear from a raspy-voiced Larry Page, they have weighed in. Overall, the stock lost a few bulls, bears took a victory lap, and the remaining bulls said the weakness creates a great opportunity to load up.
Oppenheimer Jason Helfstein-... More
October 19, 2012 7:10 AM EDT
Oppenheimer downgraded Google (NASDAQ: GOOG) from Outperform to Perform and cut its price target from $800 to $765.
"We are downgrading GOOG shares to Perform from Outperform following weaker than expected 3Q earnings, reflecting higher spending on Nexus tablet subsidies and the drag of the... More
October 18, 2012 3:15 PM EDT
The market lit up this afternoon after Google (Nasdaq: GOOG) prematurely released its third quarter earnings report. The misfire is being tied to a mistake at Google's filing company, RR Donnelley. Google stock is currently halted and was down 9 percent before the halt. Looking past the obvious shock value, analysts and investors are reacting to the numbers.... More
October 18, 2012 1:01 PM EDT
Expected to report third quarter results after the market close tonight, Google (NASDAQ: GOOG) let results slip out early Thursday and investors got a nasty surprise.
Google posted Q3 EPS of $9.03, which was well below the analyst estimate of $10.65. Non-GAAP operating income... More
October 18, 2012 12:33 PM EDT
(Updated - October 18, 2012 12:35 PM EDT)
Google, Inc. (NASDAQ: GOOG) reported Q3 EPS of $9.03, $1.54 worse than the analyst estimate of $10.57. Revenue for the quarter came in at $14.1 billion, which may not compare to the consensus estimate of $11.92 billion. Ex-tac revenues were $11.33 billion.
... More
