Seeking Alpha

Google beats by $0.37, beats on revenues

  • Google (GOOG): Q3 EPS of $10.74 beats by $0.37.
  • Revenue of $14.89B beats by $0.05B. Shares +1.9% AH. (PR)
Comments (19)
  • Humble Eagles
    , contributor
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    10.74 and the share price is almost $1000! Cisco in '99/'00 anyone?
    17 Oct 2013, 04:29 PM Reply Like
  • bgold1955
    , contributor
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    Pricey, but LY was $6.47. Good EPS growth. No position.
    17 Oct 2013, 04:39 PM Reply Like
  • Transcripts&10-K's
    , contributor
    Comments (640) | Send Message
     
    25X earnings for GOOG versus 200X (or so) for CSCO at its peak near the turn of the century; don't own any GOOG personally, but certainly not much a comparison between the two...
    17 Oct 2013, 04:41 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (1247) | Send Message
     
    bgold, this is a bizarre financial report compared to what I am used to seeing. I wonder why they don't present the tables? Go to the SEC and download the actual report to see the numbers, but they aren't easy to decipher. Best I can figure, they would have only made $7-$8 a share diluted if they paid the standard 25% tax rate!! I am not sure why they pay so little tax, and why the press doesn't even report the diluted GAAP numbers. Maybe Bill can enlighten us as to exactly what they have done, whether it is just smoke and mirrors?
    17 Oct 2013, 07:45 PM Reply Like
  • Bill Maurer
    , contributor
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    What a tax break. This is a joke.
    17 Oct 2013, 04:59 PM Reply Like
  • lewhite
    , contributor
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    Bill
    You must be short GOOG Sour grapes?
    17 Oct 2013, 05:50 PM Reply Like
  • Bill Maurer
    , contributor
    Comments (4445) | Send Message
     
    Not short. Just saying that the company beat extremely reduced expectations, had a huge tax break, and the stock is at an all-time high. If Apple did something like this, it would be punished severely.
    17 Oct 2013, 06:00 PM Reply Like
  • lewhite
    , contributor
    Comments (150) | Send Message
     
    Bill
    OK. But who is responsible for the reduced expectations? Not the co. Maybe the hot-shot, overpaid analysts got it wrong--again. Lots of stocks at all time highs, or very close, and selling for much richer multiples.
    17 Oct 2013, 06:42 PM Reply Like
  • Bill Maurer
    , contributor
    Comments (4445) | Send Message
     
    The reduced expectations are due to the absolute abysmal quarter in Q2, and yet the stock is now 50 points higher.

     

    Much richer multiples? Google trades at a significant premium to every other name in the tech space, not worth it for the slowing growth.
    17 Oct 2013, 06:52 PM Reply Like
  • u01bsb0
    , contributor
    Comments (609) | Send Message
     
    bill- true, at least we know that Apple will not be hit hard if there are serious changes in the laws globally to stop tax avoidance since they already pay 31% towards tax.
    17 Oct 2013, 06:53 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (1247) | Send Message
     
    They made $8.75 per share diluted? Yet, the press is reporting $10.74, which doesn't count a bunch of expenses and the outstanding options? Why do they let them get away with that? What is going on with the taxes, Bill?
    17 Oct 2013, 07:30 PM Reply Like
  • Bill Maurer
    , contributor
    Comments (4445) | Send Message
     
    They are allowed to report a non-GAAP item. Remember, all of the financials are presented as GAAP with a very detailed conversion to non-GAAP. Not sure what's going on with the taxes, but the GAAP number was way down. We'll see what they say either on the conference call or the 10-Q.
    17 Oct 2013, 07:33 PM Reply Like
  • lewhite
    , contributor
    Comments (150) | Send Message
     
    How about Facebook, Tesla. Baidu, and that favorite Amazon?
    17 Oct 2013, 08:05 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (1247) | Send Message
     
    Bill, this is interesting because I looked on the SEC site where they actually do report the financial tables, and they aren't paying hardly any tax. Just for comparison, Apple has a lot higher pretax earnings per share than Google! Yet, Google is right at $1000! I came up with less than 15% on the rate for Goog.
    17 Oct 2013, 08:35 PM Reply Like
  • flux8
    , contributor
    Comments (569) | Send Message
     
    @Bill
    I agree. I'm not short GOOG yet just because I don't think most people can see the underlying weakness. Google's gaining a lot of marketshare, but the mobile revenues just aren't there. But people are fixated on marketshare. Profit seems to be meaningless anymore. Go figure.
    17 Oct 2013, 11:16 PM Reply Like
  • lewhite
    , contributor
    Comments (150) | Send Message
     
    Referring to the multiples of FB, TSLA, BIDU, & AMZN
    17 Oct 2013, 08:12 PM Reply Like
  • Bill Maurer
    , contributor
    Comments (4445) | Send Message
     
    FB, TSLA, BIDU are in different growth stages. AMZN is more of a retailer, which is why I use P/S for AMZN.
    17 Oct 2013, 09:00 PM Reply Like
  • epygood-mai
    , contributor
    Comments (20) | Send Message
     
    Most of you advisors have been telling us to stay away from NFLX. I am glad that I did not listen as I made realized gain more than $20,000 on NFLX and still has a current unrealized gain left of $3500.
    17 Oct 2013, 10:44 PM Reply Like
  • lewhite
    , contributor
    Comments (150) | Send Message
     
    Everybody who thinks GOOG is way overpriced will have plenty of time to short (or buy puts) this am. Good luck!!
    18 Oct 2013, 08:24 AM Reply Like
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