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Google (GOOG): Q1 EPS of $11.58 beats by $0.89. Revenue of $13.97B (+31% Y/Y) misses by $70M....

Google (GOOG): Q1 EPS of $11.58 beats by $0.89. Revenue of $13.97B (+31% Y/Y) misses by $70M. Shares +3.2% AH. CC at 4:30PM ET (webcast). (PR)
Comments (10)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Huge beat on earnings, and that +31% YoY revenue growth is sweet. This may be a sell the news profit taking though. Perhaps we'll get a stock split?
    18 Apr 2013, 04:19 PM Reply Like
  • Zeus2012
    , contributor
    Comments (696) | Send Message
     
    Sell the news? The stock was down over 2% today prior to the announcement in anticipation of the worst. GOOG will rally tomorrow but not sure about the tech sector as IBM's numbers are pretty atrocious.
    18 Apr 2013, 04:24 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    I'm commenting on the price action post-pop-up. Drifting lower. Since Goog has been a HFH they might look to take profits with the market. Yes, IBM is finally having its day! Maybe the CEO should spend even less time at improving her golf game to get into Augusta.
    18 Apr 2013, 04:28 PM Reply Like
  • RSI Raistlin
    , contributor
    Comments (400) | Send Message
     
    miss on rev already trading back to basically flat, needs to have something special unfortunately
    18 Apr 2013, 04:23 PM Reply Like
  • mdesilvio
    , contributor
    Comments (78) | Send Message
     
    looks like the smart money got out on weds morning...
    18 Apr 2013, 04:30 PM Reply Like
  • BigJ1260
    , contributor
    Comments (200) | Send Message
     
    Rev. Missed
    EPS Beat is almost solely due to tax rate of 8% vs 18% prior qtr
    What's that about ?
    18 Apr 2013, 04:58 PM Reply Like
  • wadeyr
    , contributor
    Comments (199) | Send Message
     
    nice growth
    18 Apr 2013, 05:31 PM Reply Like
  • gcbrock44
    , contributor
    Comments (55) | Send Message
     
    What's with the lower tax rate at 8% vs 18%? I'm big time long the stock but was that tax rate figured in on everybody's estimates?
    18 Apr 2013, 05:32 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    "The tax rate after adjusting for tax effects from stock-based compensation and restructuring looks to be 10.5%. This helped EPS by $1.22 which means non-GAAP EPS would have been $10.36 and lower than the Street’s estimate of $10.69."
    18 Apr 2013, 05:49 PM Reply Like
  • BigJ1260
    , contributor
    Comments (200) | Send Message
     
    Can someone help suss out whether this new lower tax rate will be ongoing ??

     

    Or was this a one off and non-recurring ?
    19 Apr 2013, 04:31 PM Reply Like
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