Special Technology Profit Confidential Report: Google’s Quarterly Earnings Shocker

Google Inc. disappointed investors with its quarterly earnings release, according to a report by popular financial newsletter Profit Confidential, as the shares of the firm sold off hard. They were down over $50.00, or 7.8%, at the open of trading.

Google actually had pretty good numbers in its quarterly earnings, with revenue rising 25% to $10.5 billion. The real problem is Google’s ability to communicate with investors what the future plans will be regarding its investment strategy, Sasha Cekerevac, contributor to Profit Confidential.

Something that worries Cekerevac is a company that has done well, but that starts to do too much and get into areas that isn’t its specialty. CEO Larry Page is trying to rein in such excesses and get back to the firm’s core competency, eliminating ‘pet’ projects and attempting to focus Google on areas where the highest returns are possible. This is certainly a step in the right direction, Cekerevac

Cekerevac highlights that Google should focus on what it does best and leverage it to obtain the highest return on investment. Compare how many products and sectors Apple is in versus Google and you can see how much more focused Apple is,Cekerevac.

The push by Google into mobile technology is a mixed picture, according to Cekerevac. “Yes, the Android operating system enjoys a huge market share, but they’re still not monetizing mobile to the full extent that investors are expecting, especially on cost per click.”

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six

Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter.

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This release was published on openPR.