Google's latest ER

Finally, Google has a great quarter after a few disappointing ones. Especially the cost seems under control now which calms down the investors as seen from the after hours' trading (9% up). In addition, there seems no impact of China dispute as the weight of international revenue barely changed.

First let's look at the analyst opinion session. In the analyst action part I noticed that a very recently upgrade was present which makes me wonder if the analyst really knows something before hand. Google beats the earnings and revenue easily this round mainly due to the less expectation derived from last quarter.

The financial performance in this quarter is good in almost all perspective as shown in the following graph. ROA and ROE are good and look at the margins: almost the best level for past six quarters. If you look at last quarter's profit margin you'll understand why the stock drop 7% the day next to ER. Similarly, this time the margin turns back up investors apparently welcome that.