Google Beats Earnings Estimates Raises Guidance Up $56 After Hours (GOOG)
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Uploaded by StockMarketFunding on Jul 14, 2011
http://www.StockMarketFunding.com SMF was one of the very few firms on the street that was bullish on Google and we went long the $570 Calls at $3.30 vs the $490 Put we bought at $1.15. We were weighted 5-1 call side to the put side. HUGE TRADE! Contrats to all SMF Pro Traders Long the Calls! We'll be pleased to lose 100% on the 1 put we bought.
Google Beats Earnings Estimates Raises Guidance Up $56 After Hours (GOOG) Google beats by $0.91, beats on revs (528.94 -9.32)
Reports Q2 (Jun) earnings of $8.74 per share, excluding non-recurring items, $0.91 better than the Capital IQ Consensus Estimate of $7.83; net rev (subtracting traffic acquisition costs) TACrose revenues rose 36% YoY to $6.92 bln vs. the $6.55 bln consensus; gross rev +23.9% year/year to $9.03 bln vs the $8.63 bln consensus. Non-GAAP operating income in the second quarter of 2011 was $3.32 bln, or 37% of revenues. This compares to non-GAAP operating income of $2.67 bln, or 39% of revenues, in the second quarter of 2010 and 38% in Q1. Operating expenses, other than cost of revenues, were $2.97 bln in the second quarter of 2011, or 33% of revenues, compared to $1.99 bln in the second quarter of 2010, or 29% of revenues. Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our AdSense partners, increased ~12% over the second quarter of 2010 and increased ~6% over the first quarter of 2011. Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased ~18% over the second quarter of 2010 and decreased ~2% over the first quarter of 2011. As of June 30, 2011, cash, cash equivalents, and marketable securities were $39.1 bln. Net headcount growth (excluding approximately 450 employees hired as part of the acquisition of ITA Software) was similar to the first quarter of 2011.
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Tags google earnings beat guidance goog trading stocks "after hours" market business "google earnings" "google beats earnings" "earnings estimates" "google stock" "google options" "stock market" marketing analysis finance economy news technical investment futures "stock trading" "day trading" "huge trade" discussion "earnings google" youtube income revenues adsense advertising
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Uploader Comments (StockMarketFunding)
All Comments (29)
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@poetlionheart thanks for tuning in, it's always fun, even when they miss
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@caivanoo thanks!
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@ATLGETREADY4ME We have fun with it, even when they miss like earnings today
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Thank you kindly.
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nice trade, Google has been tanking with the overall markets, we'll see what tomorrow looks like with the downgrade
DailyStockCharts 7 months ago
@DailyStockCharts thanks for watching, there will be a ton of downgrades tomorrow
StockMarketFunding 1 month ago
Man that was a good trade. How is it you are the only group to catch this trade? You are the master.
qz0bg3 7 months ago
@qz0bg3 :-) A lot of hard work, experience and knowing when to get on the other side of these analyst. They sold it down hard going into the report and Wall Street left the leader for dead because it's a historically weak quarter. Our logic was they were going to get some ROI on the investments and costs from the prior quarter. Hope that makes sense.
OptionsSchool 7 months ago
@OptionsSchool well said!
StockMarketFunding 1 month ago
@qz0bg3 we stayed out of most of the risk today and traded the equity outright to pay for our calls so it was a completely risk-less trade this time around :-)
StockMarketFunding 1 month ago