The Mountain View, California based Google Inc (NASDAQ:GOOG) took out a feature from its website that notified users in China regarding search conditions that might become targets of the country’s Internet censors and result in service disorders.
GreatFire.org, a website that receives data regarding China’s so-called Great Firewall, reported that the feature was disabled sometime between Dec 5 and Dec 8. Google’s spokesman in Japan Taj Meadows confirmed that the feature has been disabled and refused to remark further on the issue.
The verdict to take out the service is part of world’s biggest search engine giant’s broader attempts to find the right approach in China.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Blucora Inc (NASDAQ:BCOR) rose +0.44% to settle at $15.96, Baidu.com, Inc. (ADR) (NASDAQ:BIDU) moved down -2.25% to end at $102.29 while Yandex NV (NASDAQ:YNDX) jumped +0.09% to finish at $23.26 on Monday.
Google Inc (NASDAQ:GOOG) last session’s volume of 1.66 million shares was lower than its average volume of 2.20 million shares. The stock after opening at $735.45 hit high price of $739.38 and then closed at $734.75 by scoring -0.44%.
GOOG generated revenue of $47.54 billion in the previous twelve months and earned $10.56 billion. The Company showed a positive 22.20% in the net profit margin as well as in its operating margin which remained at 27.00%. Company’s annual sales growth for the past five years was 29.01%.
The GOOG’s past twelve months’ price to sales ratio was 5.08 and price to cash ratio remained 5.28. As far as the returns are concerned, GOOG’s return on equity was recorded as 17.18% and return on investment increased 15.58% while its return on asset stayed at 13.29%.
The stock showed weekly upbeat performance of 4.96% which was maintained for the month at 6.82%. Likewise the negative performance for the quarter was recorded as -3.64% and for the year was 9.95% while the YTD performance remained at 3.87%.
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