This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Google's Disappointing Earnings: Hot Trends

Stocks in this article: GOOG SBUX GM HPQ

NEW YORK ( TheStreet) -- Popular searches on the Internet include Google (GOOG) as analysts cut price targets on the company's shares after the Internet search giant posted disappointing earnings.

On Thursday, Google's earnings report -- accidentally released hours ahead of schedule, revealed quarterly earnings that missed expectations for the second time in a year. The stock fell more than 9% when the third-quarter earnings report was released.

Google blamed the incident on the company that prints its financial documents. In a statement, a company spokeswoman said R.R. Donnelley filed Google's draft 8K earnings statement without authorization.

Google reported $14.1 billion in revenue for the quarter, a 45% increase from the same period a year earlier. Earnings per share came in at $9.03, below analyst expectations of $10.65. 

CEO Larry Page called the quarter "strong," and noted Google's mobile ad revenue as a highlight of the quarter. He said Google's run rate for mobile will be $8 billion this year, compared to $2.5 billion last year. The increase is thanks to revenue from the sale of Google Play content and apps that are now included in the figure.

Some analysts have noted Google's mobile advertising revenue picking up as a positive for the company, despite cutting the price target.

Starbucks (SBUX) is trending as the coffee chain has opened its first store in India.

The company's first store in India is located in southern Mumbai. In a joint venture with Tata Global Beverages, Starbucks plans to open two more stores in Mumbai next week -- one in the Taj Mahal Palace and another in the Oberoi hotel.

Starbucks' foray into the world's second-most populous nation comes as growth slows in the U.S. and as the company struggles in Europe amid a recession.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs