Multiple reports on Friday confirms that Google Inc (NASDAQ:GOOG) and LG are joining forces to make the next Nexus Smartphone.
CNET reports by mentioning a person briefed on the matter that the Smartphone will be unveiled in late October by the corporations.
This will be the primary Nexus phone by LG. Nexus is the brand that world’s biggest search engine giant Google uses for its Android products, comprising the Nexus 7 tablet by Asus and the Galaxy Nexus Smartphone by Samsung.
The report confirms that the LG Nexus phone will be same like to the recently unveiled Optimus G Smartphone.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Yahoo! Inc. (NASDAQ:YHOO) fell -1.11% to settle at $16.09, SINA Corp (NASDAQ:SINA) moved down -1.50% to end at $61.53 while Baidu.com, Inc. (ADR) (NASDAQ:BIDU) jumped +0.88% to finish at $114.20 on Friday.
Google Inc (NASDAQ:GOOG) last session’s volume of 2.74 million shares was lower than its average volume of 2.85 million shares. The stock after opening at $770.71 hit high price of $774.38 and then closed at $767.65 by scoring -0.05%.
GOOG generated revenue of $43.16 billion in the previous twelve months and earned $11.11 billion. The Company showed a positive 25.74% in the net profit margin as well as in its operating margin which remained at 30.48%. Company’s annual sales growth for the past five years was 29.01%.
The GOOG’s past twelve months’ price to sales ratio was 5.82 and price to cash ratio remained 5.82. As far as the returns are concerned, GOOG’s return on equity was recorded as 19.04% and return on investment increased 17.21% while its return on asset stayed at 14.72%.
The stock showed weekly upbeat performance of 1.74% which was maintained for the month at 9.76%. Likewise the positive performance for the quarter was recorded as 31.00% and for the year was 49.14% while the YTD performance remained at 18.85%.
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