Seeking Alpha

Google misses by $0.15, beats on revenue

  • Google (NASDAQ:GOOG): Q2 EPS of $6.08 misses by $0.15.
  • Revenue of $15.96B (+21.7% Y/Y) beats by $350M.
  • Shares +1.1%.
  • Press Release
Comments (5)
  • Zipper0
    , contributor
    Comments (776) | Send Message
     
    Google's Q2 capex of $2.65 bil. is Google's highest quarterly capex ever. It ate up 77% of Google's just-reported $3.42 bil. Q2 net income, which is a record percentage that itself will be smashed in the current quarter. Google's quarterly capex exceeding its quarterly net income will be a regular recurrence forever going forward and, along with declining free cash flow, will eventually give Google the economic characteristics of a steel company: high recurring capex, low margins. Google's capex on low-margin commodity data centers with daily price wars with Amazon, Microsoft, IBM, etc. ensures this.
    17 Jul 2014, 05:54 PM Reply Like
  • thotdoc
    , contributor
    Comments (1760) | Send Message
     
    Makes sense. Do you believe that there will eventually be more of a push back against the unrelenting assault on privacy? I hate looking up a product on one website and then seeing it come up again on other websites as advertisements.

     

    I do not like this. Does it bother anyone else?
    18 Jul 2014, 11:39 AM Reply Like
  • DanoX
    , contributor
    Comments (2741) | Send Message
     
    In short more hot air from Amazon, Google and Netflix.
    17 Jul 2014, 08:53 PM Reply Like
  • ProfessorSmatt
    , contributor
    Comments (36) | Send Message
     
    Did Google say anything about a release date of Glass?
    17 Jul 2014, 10:47 PM Reply Like
  • DanoX
    , contributor
    Comments (2741) | Send Message
     
    Never, Wall Street doesn't care and neither do the Tech writers or the Geeks. Perfect Stock Storm.
    20 Jul 2014, 01:29 PM Reply Like
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