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Worse than expected by analysts, better than expected by investors. It was technically a miss
by adam_arthur 4y ago
Worse than expected by analysts, better than expected by investors. It was technically a miss
- robertlagrant 4y agoAnalysts got it wrong again?
- donalhunt 4y agoAlphabet are known for not providing any guidance to the analysts so I would take that with a pinch of salt. Consensus seems to be that the results could have been worse. Some signals that large advertisers are pulling spend in some areas. If that continues, you would expect Q3 earnings to be below the upward trajectory that Alphabet have enjoyed for years.
- candiodari 4y agoLet's not forget that that "upward trajectory" included a near 70% year-over-year increase in revenue on a stock market where 4% is the long-term norm. And Google did that, not as a $100k Market cap stock but as a $1 trillion market cap stock (ok 1 trillion ... after the gain). If Google's revenue stood entirely still for 3 years, they would still have outperformed the S&P500 comfortably. Frankly a -20% YoY revenue (the minus sign is not a mistake) would have been an excellent result. This is truly remarkable performance.
- darth_avocado 4y agoThere was a pullback because of the SNAP earnings and the sentiment was that the earnings are going to be bad. The reaction is to the fact that earnings weren’t bad, missed by a small number and revenue was up overall.