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Google: Five things you need to know
Google will be one of the highlights of the current earnings season. The company’s rapid growth has seen the firm diversify into driverless cars, robots, music streaming and broadband and the list goes on.
Saxo Bank’s Head of Equity Strategy, Peter Garnry says: “Google's revenue growth is declining and the company has missed earnings estimates in the last two quarters. The share price was down 3.7% following the previous earnings releases. We are more negative on Google than consensus and believe the company could disappoint again”
Here are five things you need to know about Google:
1) Last year’s second quarter revenue was just over fourteen billion USD, an increase of nineteen percent compared to the same period in 2012.
2) Last year, Google’s revenue was more than a billion USD a week.
3) Google has bought more than 160 companies since 2001.
4) Margins are being squeezed to just over twenty percent last year, they were twenty five percent three years ago.
5) The expected earnings per share price is six USD and twenty four cents, not bad, this time last year they were just four USD and forty four cents
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00:54 minutes
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