Search giant Google (NASDAQ:GOOGL) soared to fresh all-time highs today, with shares bursting through the $1,000 threshold for the first time ever. Google's stellar third-quarter results were to thank, as the company blew past Street expectations. Investors had been concerned about how advertisers would react to Google's new Enhanced Campaigns, which allow advertisers to target multiple screens in one campaign. The new initiative is off to a healthy start, and investors couldn't be happier.
Motorola continues to bleed, generating $248 million in operating losses. However, Google urges investors to keep a long-term focus on the acquisition, pointing to the progress made on product quality over the last year. The Moto X just launched, which is the first device fully designed under Google's watch, and next, Motorola will turn to improving marketing and distribution.
In this segment of Tech Teardown, Erin Kennedy discusses Google's latest quarter with Jamal Carnette and Evan Niu, CFA.
Erin Kennedy has no position in any stocks mentioned. Evan Niu, CFA, has no position in any stocks mentioned. Jamal Carnette has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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