actually they again refused to disclose any metrics on search results monetization which made analysts quite unhappy given the fact that the product is on the market for some time now. One got the impression that there aren't any material revenues currently and won't be for some time going forward. Even worse the decision to monetize search by themselves cuts into margins big time as the usual revenues from the sale of the search queries are missing now.
while the core business results and outlook were quite look the recent outperformance of the stock is solely based on the new search monetization efforts which apparently will take much more time than originally anticipated by analysts of which some of them were quite unhappy on the call with the company's reluctance of sharing any figures on search. Margins are also hit very hard due to heavy investment into the new business which won't bear fruit anytime soon.
would expect the stock to take a sizeable hit today despite continued analyst support.
who gives a #$%$ about what the analysts have to say. those dumb phuckers at jerfferies downgraded panl before ER to 19 and now the stock went from 28 to 32 after ER. the bottom line is they're all pump and dump scams. margin went down because they spent it on R&D which implies future growth in the search and mobile venues. the partnership with google will further enable them to steal businesses from bidu. If you dumb short #$%$z cares so much for positive margin then why don't you buy appl? they have $134B of cash on hands and yet they're ain't doing squat right now. go buy them like all the dumb analyst have been suggesting and see what happens?