The Mountain View, California-based Google Inc (NASDAQ:GOOG) reported that it would launch changes to its search engine that would put off piracy by placing lawful copyrighted content higher in online questions.
Google, owner of world’s biggest search engine site, reported in a blog post on its website on Friday that the company nest week would begin using algorithms that push potentially pirated material to a lower place in search results.
A senior executive vice president at the Motion Picture Association of America Michael O’Leary reported in an e-mailed statement that they were positive that Google’s actions would assist guide consumers to the myriad legitimate ways for them to access movies and TV shows online.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. AOL, Inc (NYSE:AOL) fell -1.57% to settle at $33.76, Baidu.com, Inc (ADR) (NASDAQ:BIDU) moved up +0.09% to end at $131.06 while Microsoft Corporation (NASDAQ:MSFT) declined -0.26% to finish on Friday at $30.42.
Google Inc (NASDAQ:GOOG) last session volume of 1.43 million shares was lower than its average volume of 2.25 million shares. The stock after opening at $638.59 hit high price of $642.24 and then closed at $642.00 by scoring -0.05%.
GOOG generated revenue of 43.16 billion in the following twelve months and earned $11.11 billion. The Company showed a positive +25.74% in the net profit margin and as well as in its operating margin which remained +30.48%. Company’s annual sales growth for the past five years was +29.01%.
The GOOG past twelve months price to sales ratio was 4.86 and price to cash ratio remained 4.87. As far as the returns are concern, the GOOG return on equity was recorded as 19.04% and increased 17.21% return on investment while its return on asset stayed at 14.72%.
The stock showed weekly upbeat performance of +0.10% which was maintained for the month at +12.54%. Likewise the positive performance for the quarter was recorded as +6.08% and for the year was +14.21% while the YTD performance remained at -0.60%.
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