An earnings thread on HN? Time for Faramir, captain of Gondor to show his quality! The nominal EPS beat appears massive but an important caveat on that EPS bea

An earnings thread on HN? Time for Faramir, captain of Gondor to show his quality! The nominal EPS beat appears massive but an important caveat on that EPS beat: a significant portion of this EPS outperformance stemmed from a non-operational item: an $8.0 billion unrealized gain on a non-marketable equity security, which added $7.7 billion to net income, equivalent to $0.62 per share. Although even without this, they would be beating the consensus estimates Their Capex went up 43% YoY to $17.20 billion likely from higher investment in AI infrastructure. The interesting story is their margin expansion. They were consistently at 32% margin for multiple quarters. This time they broke out to 34% Finally, a new $70 billion share repurchase plan and a 5% increase in the quarterly dividend to $0.21 per share. source: https://signalbloom.ai/news/GOOGL/alphabet-q1-earnings-surge-past-estimates-boosted-by-8b-gain-as-cloud-growth-holds-at-28 https://signalbloom.ai/news/GOOGL/alphabet-q1-earnings-surge... disclaimer: I run this site, it was launched on HN recently https://news.ycombinator.com/item?id=43675248 https://news.ycombinator.com/item?id=43675248