Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, October 18, 2013

Article Excerpt

GOOGLE INC., $1,011.41, Nasdaq symbol GOOG, jumped 14% on Friday after the company reported better-than-expected earnings and revenue. In the three months ended September 30, 2013, earnings rose 23.3%, to $3.6 billion from $3.0 billion a year earlier. Due to more shares outstanding, earnings per share rose at a slower rate of 21.1%, to $10.74 from $8.87. These figures exclude costs to integrate recent acquisitions and other unusual items. On that basis, the latest earnings beat the consensus estimate of $10.37 a share. Revenue rose 11.9%, to $14.9 billion from $13.3 billion. That also beat the consensus forecast of $14.8 billion. Paid clicks rose 26%; Google charges advertisers every time a user clicks on one of their ads. However, the average cost advertisers paid per click fell 8%. That’s because more users are accessing the Internet with smartphones and tablet computers. Advertisers pay lower rates for mobile ads, as they are more difficult to see on smaller screens than on desktops and laptops. In…