Asia World Capital Group: Search-to-smartphone tech giant Google’s stock traded at over $1,000 after solid Q3 earnings. According to Hong Kong’s Asia World Capital Group, shares in tech leviathan Google surged through the $1,000 mark in brisk trading after the company reported stellar third quarter sales and profits that convincingly beat analysts’ expectations. Third quarter revenue came in at $11.92bn against expectations for $11.64bn while profits of $2.97bn – excluding items – translated to $10.74 a share beating consensus projections of $10.36. An Asia World Capital Group technology sector researcher said, “Google’s results show the strength and integrity of its business model and cement the company’s position as a sure-fire growth stock. They’re likely to take 33% of all global online advertising in 2013 compared with 31% in 2012 and what’s more, they’re making the transition to generating revenue from mobile look like simplicity itself.” Google’s stock sold for $85 when it went public in 2004 and its rapid rise to household name status has seen investors who bought into the company early transformed into millionaires. The company’s acquisition of Motorola – at $12bn its largest to date – has not been without its problems most notably the teething problems in delivering the individuality initially promised for its Moto X smartphone and this was reflected in the earnings report as revenue in the division fell some 34% to $1.18 billion. Asia World Capital Group says that despite the $1,000 price tag on the stock, it regards the company as a solid performer with a business model that should see it continue to be profitable despite the headwinds facing others in the tech arena. About Asia World Capital Group: Asia World Capital Group is an Investment Banking Advisory, Trade and Corporate Finance house, specialising in bringing quality issues to institutions, Small to Medium Size Enterprise (SME) and private clients. Their base of experienced professionals provides their clients with access to a range of Trade Financing Products, Financial Instruments, Investment Banking services, Pre-IPO and IPO opportunities, World-Wide Stock Markets’ Investments and quality professional advice to help move their business forward. Asia World Capital Group utilise their vast portfolio of affiliates, considerable experience and a range of financial instruments to achieve your goals. For more information contact: Asia World Capital Group Roger Bowden Room 2006-7, Tower Two, Lippo Centre, 89 Queensway, Admiralty, Hong Kong http://www.asiaworldcap.com info@asiaworldcap.com +85258084007
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