Google jumped sharply last week after reporting stronger the expected results. Second quarter non-GAAP EPS was $6.99, up 15% from a year earlier and $0.31 above the S&P Capital IQ estimate. In contrast, Google is a similarly small 2% weighting in the S&P 500 Equal Weight Technology index.
A version of this article originally was published on MarketScope Advisor.
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This article was written by Todd Rosenbluth, director of ETF and Mutual Fund Research, S&P Capital IQ.
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