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April 17, 2008

Google versus the Cheat Sheet

Here is how Google came in versus one cheat sheet (Mahaney's at Citi) floating around out there:

• Net revenues -- Forecast $3.54b / Actual: $4.0b
• Earnings -- Forecast: $1.76b / Actual $1.83b
• EPS: -- Forecast: $4.50 / Actual: $4.84

It's an across-the-board beat. Paid clicks were up 20% versus the 16% numbers (and lower) being carried on the street.

This is pain for the bears -- including my friend Henry at SAI. To be fair to Henry, he points to the capital expenditures of $842-million in the quarter. What. in. the. world. are. these. GOOG. guys. building?

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