Why Google (GOOGL) Stock Is Down in After
NEW YORK ( TheStreet) -- Shares of Google were falling 2.8% to $522.00 after-hours Thursday after missing analysts' estimates for earnings in the third quarter.
The search company reported earnings of $6.35 a share for the third quarter, below the $6.53 a share that analysts surveyed by Thomson Reuters expected. Revenue grew 20.1% year over year to $16.52 billion in the third quarter, compared to analysts' estimates of $16.59 billion for the quarter.
Google said its own sites accounted for $11.25, or 68% of total revenue in the quarter, a 20% increase from sites revenue in the year-ago quarter. Partner sites generated revenue of $3.43 billion, or 21% of total revenue, a 9% increase from the year-ago quarter.
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TheStreet Ratings team rates GOOGLE INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
'We rate GOOGLE INC (GOOGL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.'
You can view the full analysis from the report here: GOOGL Ratings Report
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