Google Missed? No... The Analysts Missed
from the back-to-work dept
We seem to be one of the few sites that didn't mention the big "miss" by Google in its earnings, but that's because, honestly, it didn't seem like that big of a deal. The growth was still tremendous. The real issue was simply that the Wall Street analysts did a bad job predicting how Google would do -- which isn't that surprising, since Google made it clear from the beginning that, unlike many other firms, it wouldn't make too much of an effort to give Wall St. really detailed info for future estimates. In other words, the "problem" isn't Google's, but an over-anxious Wall Street who wanted to believe Google could continue to defy gravity. That's why it's good to see that the "miss" doesn't seem to concern most folks in Silicon Valley, who can see through the Wall Street prism to recognize that this "hiccup" has almost everything to do with forecasting, rather than problems within Google.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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googles earnings miss
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Re: googles earnings miss
Only shortterm shareholders suffered
The stock is worth twice as much as it was worth in April.
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Re: googles earnings miss
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No Subject Given
By NOT colluding with Wall Street, Google shows just how much collusion there really is.
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Article is spot-on
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All things Google
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Not a Google issue?
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Re: Not a Google issue?
There are two separate issues here, so let me separate them out.
First, there are plenty of reasons why there might be a 4% operating margin drop when you have a company that's not thinking quarter-to-quarter, and that's not necessarily worrisome. Honestly, while margins are important for profitability, the obsession over variance in margins is overblown.
Second, and much more to the point... who cares? The point wasn't that Wall Street "had control" over everything that happened at Google. They obviously don't. But that it was Wall St. that set the expectations that weren't met... not Google.
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Re: Not a Google issue?
The only real surprise was the 25% difference on the tax forecast.
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Good For Me
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Google
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Man, absolutely no props on this!
Check the time stamp...(PST)
http://techtrader.blogspot.com/2006/01/google-earnings-good-ah-trade-long.html
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