Google's Quarterly Earnings Top Expectations

The Google machine continues to gain momentum. The company beat analysts expectations and profit rose 46% in the last quarter. Can anything stop them?

Google's net income for the third quarter rose $1.07 billion from $733 billion in the same quarter last year.  Earnings excluding certain items were $3.91 a share versus analysts expectations of $3.78 a share.

As I've said in previous articles...

...there is no reason to think this train is going to slow down any time soon.  Anyone involvled in the Web will tell you that Google is the new Microsoft in both the best and worst ways.  They control the entry to the Web with their search engine, they have the best engineers, they dominate the fastest growing market (online advertising), they have the best technology, and they are aggressive and intent on taking over the digital world.

It is very difficult to make your online business successful without Google.  And soon that will extend to offline businesses as well.

Will Google slow down?  Not yet, in my opinion.  Ad dollars are still pouring into the Web and they have a brand and technology which should carry them for the next 5-10 years.  If a competitor emerged, they'll just buy them. 

I don't own Google but if I had a few extra bucks, I would.

 

 

Sol Nasisi
Sol Nasisi: Sol Nasisi is the co-founder and a past president of BestCashCow, an online resource for comprehensive bank rate information. In this capacity, he closely followed rate trends for all savings-related and loan products and the impact of rate fluctuations on the economy. He specifically focused on how rates impact consumers' ability to borrow and save. He also has authored a wee

Your code to embed this article on your website* :

*You are allowed to change only styles on the code of this iframe.

Comments

Add your Comment