- Google reported Q3 '14 earnings.
- Investors should continue avoiding the stock.
- The continued lack of network site growth and higher operating expenses was anticipated to hurt the stock.
Another quarter and another earnings miss by Google (GOOG, GOOGL)
yet investors shouldn't ignore the typical pattern of the stock heading
higher. The online search leader has missed earnings estimates each of
the last four quarters, and the stock blasted off towards all-time highs
prior to the recent market sell-off. The key tenant to the earnings
miss is that the numbers continue growing even if the company doesn't
hit the targets, due mainly to higher expenses.
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