Each quarter, public companies hold their earnings call with investors. Google’s was today, and CEO Larry Page began by talking about Google’s interest in multi-screen technologies— Both Chromecast and Google Glass fall under this category. Then, he mentioned smart-watches. We knew Google was working on their own version of the fast-growing device, but this is the first time we’ve heard it officially mentioned.
Google announced revenue of $14.89 billion this quarter, a 12% increase from last year’s earnings in Q3. This number soared above the expected earnings for this quarter, which is certainly great to hear considering Google didn’t hit their expected earnings in the last 2 quarters. Along with the announcement came, as expected, a huge surge in stock price— the price per share is now flirting with $1000.