Google Hits Another Homer In Q3
Indianofs.blogspot.com
Google Hits Another Homer In Q3, Kicking off Google's press release this afternoon was a proud notice that Google+, GOOG's new social network, has already surpassed 40 million users. Much the way Google has attempted to take on Apple's (AAPL) iPhone with its Android operating system for smart phones, so does Google+ appear to be going after market share from soon-to-go-public Facebook.
Even though analysts seemed a tad wary of Google Inc. (NASDAQ:GOOG) 3rd quarter 2011 earnings numbers after the closing bell today, the search engine king stepped up to the plate and took one long. Revenues of $9.72 billion were up 33% year over year and 8% sequentially. Diluted EPS (how Zacks reports Google’s earnings) reached $8.33, easily topping the $7.59 Zacks Consensus Estimate.
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