Google Inc. (GOOG) Posts Quarterly Earnings Results, Beats Estimates By $0.91 EPS
Thursday, July 14, 2021 6:11 PM

Google Inc. (GOOG) announced its quarterly results on Thursday. The company reported $8.74 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $7.83 by $0.91. The company’s quarterly revenue was up 23.9% on a year-over-year basis.

On a related note, analysts at Jefferies reiterated a "buy" rating on shares of Google Inc. in a research note to investors on Wednesday. They now have a $800.00 price target on the stock. Also, analysts at Deutsche Bank (NYSE: DB) reiterated a "buy" rating on shares of Google Inc. in a research note to investors on Wednesday. They now have a $725.00 price target on the stock.

Shares of Google Inc. (GOOG) traded down 1.73% during mid-day trading on Thursday, hitting $528.94. Google Inc. (GOOG) has a 52 week low of $433.63 and a 52 week high of $642.96. The stock's 50-day moving average is $512.4 and its 200-day moving average is $564.8. The company has a market cap of $170.5 billion and a price-to-earnings ratio of 20.90.

Google Inc. maintains an index of Websites and other online content, and makes this information freely available through its search engine to anyone with an Internet connection. Its automated search technology helps people obtain nearly instant access to relevant information from its online index. It generates revenue primarily by delivering online advertising. Businesses use its AdWords program to promote their products and services with targeted advertising. In addition, the thousands of third-party Websites that comprise the Google Network use its AdSense program to deliver relevant ads that generate revenue and enhance the user experience. In September 2009, the Company acquired ReCAPTCHA Inc., a spin-off of Carnegie Mellon University's Computer Science Department. In February 2010, it acquired Aardvark. In February 2010, it acquired On2 Technologies, Inc. In August 2010, it acquired Slide, a social technology company. In August 2010, it acquired Angstro.

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