Death. Taxes. Google Beating Estimates.
Death. Taxes. Google Beating Estimates. The certainties in life seem to be growing…
Google once again beat analysts expectations for the 3rd quarter with profits rising 46% from the year prior. While Google beating expectations is nothing new, this is still saying something because analysts expectations were once again high for the company – and once again, Google beat them.
With Google now rocketing towards the $650 a share mark in after-hour trading (currently at $648 and rising quickly) – just a few weeks after it surpassed the $600 mark for the first time – the obvious question is when will the good times stop? Probably not anytime soon with Google Phone, Google Health, Google’s social plans, and things like Google expanding AdSense into videogames, all still in the not-too-distant future.
Google at $1,000 might not be so crazy – as long as the rest of the economy doesn’t collapse around them. Just 17 days ago I wrote:
It sounds insane but Google at $582 really might still be a definite BUY.
You’d be sitting pretty right now if you took that advice. A $65+ increase in 2 1/2 weeks.
The company is growing four to five times faster than rivals Yahoo Inc and Microsoft Corp.
It’s fairly obvious but worth repeating: Google is in a class by itself right now.
