Google Analysts Defend Firm After Q1 Miss, Stock Down

By | April 17, 2014

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Google (GOOGL) stock was down 4% in midday trading Thursday after the search leader’s Q1 earnings missed, but analysts remained bullish. “We are buyers of the dip given the EPS miss was attributed primarily to discrete one-time expenses,” wrote Jefferies analyst Brian Pitz in a research note. The company late Wednesday reported Q1 EPS ex items up 4.5% to $6.27 from a revised $6 in the year-earlier quarter. Analysts polled by Thomson Reuters Scalper1 News

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