Linked by Thom Holwerda on Thu 18th Oct 2012 19:19 UTC
Google "Google was scheduled to post third quarter earnings after the bell on Thursday, but unexpectedly they were released around 12:31 PM in New York, revealing a big miss on profit. The company also missed expectations on revenue." I have no idea if the figures are bad, and if so, how bad. I mean, missing analysts' estimates doesn't really say anything useful, does it?
Permalink for comment 539047
To read all comments associated with this story, please click here.
Who cares about analysts?
by jared_wilkes on Thu 18th Oct 2012 19:54 UTC
jared_wilkes
Member since:
2011-04-25

I would say GAAP net income declining 20% y-o-y (regardless of Moto's contribution to this and whatever any analyst states) is pretty objectively bad. Heck, Moto representing 18% of revenue versus 10% of revenue last quarter is objectively bad.

Worst of all, per-click pricing on ads declined 15%. There's virtually zero chance that ad pricing is ever going to move in any other direction but down from here.

Edited 2012-10-18 19:55 UTC

Reply Score: 4