Google Inc (GOOG) Reports Decent Results With Positive Key Metrics

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Google Inc (GOOG) Reports Decent Results With Positive Key Metrics
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Google Inc (NASDAQ:GOOG) shares topped $1,000 for the first time last week, and today they’re still hanging on right above that level. Analysts are calling the company’s latest results everything from “good enough” to “strong.”

Google Inc (GOOG) Reports Decent Results With Positive Key Metrics

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Stifel analysts Jordan E. Rohan, Michael B. Purcell and Alex Chavdaroff have a Hold rating on Google and say the search giant’s latest results were just “good enough” because of how negative sentiment was heading into the quarter. They note that unlike many other companies, Google didn’t cite a slow macro-environment in the U.S. Google also said it benefited from strong growth in developing markets as well as download revenue from Android devices.

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