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Google (GOOG): Q2 EPS of $9.56 misses by $1.22. Revenue (ex.-TAC) of $11.1B misses by $230M....

Google (GOOG): Q2 EPS of $9.56 misses by $1.22. Revenue (ex.-TAC) of $11.1B misses by $230M. Shares -4.5% AH. CC at 4:30PM ET (webcast). (PR)
Comments (24)
  • criticalbear
    , contributor
    Comments (81) | Send Message
     
    bloody hell
    18 Jul 2013, 04:09 PM Reply Like
  • bgold1955
    , contributor
    Comments (2034) | Send Message
     
    Huge miss but after hours price is surprisingly more stable.
    18 Jul 2013, 04:13 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Buy the NQ100 futures on dips (if you think there's still a floor under the market :).
    18 Jul 2013, 04:22 PM Reply Like
  • Deja Vu
    , contributor
    Comments (1247) | Send Message
     
    Will this be the year reality catches up to Silicon Valley? perhaps time to buy a levered 2X short Nasdaq fund.
    18 Jul 2013, 04:29 PM Reply Like
  • ChrisCDC
    , contributor
    Comments (336) | Send Message
     
    "Will this be the year reality catches up to Silicon Valley"

     

    Apple has already been to the principals office many times.

     

    Time for Google to bend over and get whacked hard for being a bad boy.

     

    Hold your ankles!
    18 Jul 2013, 04:54 PM Reply Like
  • flux8
    , contributor
    Comments (589) | Send Message
     
    Lot of analysts got burned. So many articles in the last 3 months predicted Google would hit $1000 while ignoring the underlying business fundamentals to see if that price would be warranted. There's nothing magical about $1000, and yet, do a Google search (haha) for "Google $1000" and check out how many articles were written that predicted this.

     

    Google didn't meet expectations because people failed to look at Google's actual business model and how they make money. Huge Android sales does NOT automatically translate into huge revenues. Where else do they make money? Google Glass? Nope. Driverless cars? Nope.

     

    Google's main revenue comes from desktop ads. As the public's internet usage shifts to mobile, companies are willing to pay less for desktop ads. At the same time, that loss isn't being made up for by mobile ads. Not yet and I'm not sure it ever will.
    18 Jul 2013, 04:38 PM Reply Like
  • synchrogeddon
    , contributor
    Comments (215) | Send Message
     
    I just noticed that I can't even remember how google ads look because I did install a few years ago AdBlock :).
    18 Jul 2013, 05:02 PM Reply Like
  • mobyss
    , contributor
    Comments (1954) | Send Message
     
    I do 80% plus of my internet surfing on a Kindle Fire now - not much room for ads anymore.
    18 Jul 2013, 05:28 PM Reply Like
  • labas112
    , contributor
    Comments (311) | Send Message
     
    Bingo! I haven't seen an Ad in years to Adblock. Hahaha
    18 Jul 2013, 07:08 PM Reply Like
  • ChrisCDC
    , contributor
    Comments (336) | Send Message
     
    "misses by a huge $1.22" Why?

     

    Because, Google has let their search engine go down the drain and has now lost market share to others. Google needs to STOP destroying search results with Panda and Penguin ASAP. Even the most loyal users are now noticing the changes and search bias.

     

    Google will continue to drop ad click revenue since people are feed up with the now INCONSISTENT search results!

     

    Get rid of that loose Cannon Larry Page. He can take the Google Search disavow list, the new Adsense ads, and Matt Cutts with him!
    http://bit.ly/1avt3zG
    18 Jul 2013, 04:43 PM Reply Like
  • Ryan Sullivan
    , contributor
    Comments (16) | Send Message
     
    Wow, a huge miss.

     

    Waiting for SAers to start declaring GOOG to be the next APPL...
    18 Jul 2013, 04:45 PM Reply Like
  • flux8
    , contributor
    Comments (589) | Send Message
     
    Investors should wish GOOG was the next AAPL. AAPL's P/E never got this high (in the last several years)
    18 Jul 2013, 06:50 PM Reply Like
  • agberg75
    , contributor
    Comments (26) | Send Message
     
    The cost on my 400 shares is 275. Unless GOOG drops several hundred points I won't lose any sleep over it.
    18 Jul 2013, 05:02 PM Reply Like
  • Abu Bakr Hussain
    , contributor
    Comments (594) | Send Message
     
    Are you philosophically opposed to taking profits?
    19 Jul 2013, 07:11 AM Reply Like
  • agberg75
    , contributor
    Comments (26) | Send Message
     
    P.S. It makes no difference in reality, but psychologically, if they do split 2-1 (announced April 2012) a whole new wave of buyers will flock in.
    18 Jul 2013, 05:03 PM Reply Like
  • mobyss
    , contributor
    Comments (1954) | Send Message
     
    It's hard to maintain a $300B+ market cap with a PE of 27 - just ask Apple (last year) when they were at $700B and PE over 20.

     

    Now the question is does this lead to real profit-taking in GOOG? Apple lost all their 2012 gains - for Google this means back to $600 (and a PE of 18 - still pretty high). Look for quadruple volume tomorrow!
    18 Jul 2013, 05:27 PM Reply Like
  • synchrogeddon
    , contributor
    Comments (215) | Send Message
     
    When Apple stock price was 700$ its P/E was only 16.5.
    18 Jul 2013, 05:32 PM Reply Like
  • u01bsb0
    , contributor
    Comments (631) | Send Message
     
    im hoping this (in addition to another hopeful good quarter for apple) means that funds switch back from Google into Apple.
    18 Jul 2013, 06:26 PM Reply Like
  • unlimitedhomes
    , contributor
    Comments (5) | Send Message
     
    Tomorrow will be more blood. Huge miss, and only 5% down the stock?
    18 Jul 2013, 06:28 PM Reply Like
  • dividend_growth
    , contributor
    Comments (2888) | Send Message
     
    This is a buy opportunity:

     

    1. Google is again tweaking with ad pricing to gain market share.

     

    2. Google stuffed lots of costs in Cost of Revenue.
    18 Jul 2013, 07:00 PM Reply Like
  • Abu Bakr Hussain
    , contributor
    Comments (594) | Send Message
     
    A buy opportunity on what grounds? Do you still think GOOG is undervalued by say 30%? Do you think $1200 is its fair value?
    19 Jul 2013, 07:13 AM Reply Like
  • Caligula66
    , contributor
    Comments (27) | Send Message
     
    That sky high PE isn't justified on just plain talk of futuristic glasses and driverless cars. Pathetic revenue doesn't justify such a high PE. Google only makes 1/3 of Apple's revenues per quarter in comparison, but is awarded such a high PE just because of some fairytale future products. Time for a big haircut.
    18 Jul 2013, 08:47 PM Reply Like
  • jpintoctr
    , contributor
    Comments (437) | Send Message
     
    It was expected. More bad news will come. To hire 44 thousand new employees? To compete with your important Android partners and to continue expending in pet personal projects without little future in terms or real profits make Goog a company without focus. Add income will continue to be under pressure with many other more focus platforms like FBook and Linkedin. Lets see how they manage to steer the company in one direction. Today is all over.
    18 Jul 2013, 11:22 PM Reply Like
  • Michael Clark
    , contributor
    Comments (8665) | Send Message
     
    Complacency.
    19 Jul 2013, 06:04 AM Reply Like
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