Google Inc (NASDAQ:GOOG)
On Jan. 22 Google reported earnings that beat analyst expectations but fell short on revenue. Shares of the company jumped from their close of just over $700 on the 22nd to nearly $750 on the morning of the 23rd. On Feb 8., shares of Google had just finished a record-setting session – paving an all-time high of $786.67 per share.
Google increased in some of their core positions this quarter, strengthening its grip on the search, mobile phone, advertising, maps, and email sectors while increasing their position in social, mobile advertising, and mobile browsing.
Google – as a company and investment – appears strong as they continue to innovate and take risks on new and exciting projects. The company has recently made major investments in mobile hardware, consumer web applications, mobile software development, mapping & GPS technologies, and is even making an attempt at becoming the best new Internet Service Provider in the US with Google Fiber.
However, some investors fear that Google’s growth – like many of its peers – will slow over the coming years as competition closes the gap and exponential growth rates become more difficult to achieve.
Yahoo! Inc. (NASDAQ:YHOO)
Yahoo!’s freshly appointed CEO Marissa Mayer reported mixed earnings on Jan 28. Revenue was up and cost-per-ad on search rose, but display ad sales weakened and projected growth throughout 2013 remained flat. Shares of Yahoo! rallied in after-hours and morning trading following the report, but quickly retreated in the following sessions.
Since then, Yahoo!’s stock has performed well – setting multiple new 52-week highs. The company has announced the acquisition of another small mobile application development company and speculation surrounding an IPO by Alibaba – one of Yahoo!’s key Asian assets – is growing at a rapid pace.
The struggling company is currently undertaking a major turnaround effort led by a fresh management team that promises to revamp some of its popular products, return equity to shareholders, and invest aggressively in some of today’s hottest technologies. Shares of Yahoo! have gained 30% since Mayer took over in July.
In Summary
I wish I had the space to cover all of this earnings season’s fantastic and memorable stories. While I’m sure many of you have made great (or horrible!) memories with companies that I didn’t mention, these are just some of the stocks that I personally follow that have made waves this earnings season. Feel free to leave your earnings season stories (good or bad!) in the comments section! Thanks, and I hope you enjoyed the post!
As always, this is by no means an endorsement of any stock or advice to buy or sell any stock. My goal is simply to educate, amuse, and enrich. Good luck to all of you! And thanks for reading.
The article Earnings Season: Winners (And Losers) In Tech originally appeared on Fool.com and is written by Nathan Bradham.
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