Market Overview

Google Posts Q2 Bottom-Line Miss; Beats On Top Line

Share:
Related GOOGL
Apple Must Show It's Not Fragile, Says UBS
Interested In Investing In Virtual Reality? Here Are The Purest Plays
Can GM's Cadillac Compete With The European Premium Brands? (Seeking Alpha)

Google (NASDAQ: GOOGL) shares rose sharply in after-hours action when the company posted a second-quarter top-line miss while beating expectations for revenue.

Google's net earnings increased to $3.42 billion, or $4.99 a share, compared with $3.23 billion, or $4.77 a year earlier.

Revenue grew 22 percent to $15.96 billion, from $13.11 billion a year earlier.
Wall Street expected revenue of $15.62 billion.

Excluding items, profits were $6.08, compared to $4.96 in the second quarter of 2013. Analysts expected adjusted earnings of $6.24.

Traffic acquisition costs of $3.29 billion in the second quarter equaled 23 percent of advertising revenue.

Paid clicks grew 25 percent and Google sites generated revenues of $10.94 billion, or 69 percent of total revenue and up 23 percent from a year earlier.

Partner sites revenue grew seven percent to $3.42 billion, or 21% of total revenue, while "other revenue" increased 53 percent to $1.60 billion, or 10 percent of total revenues

Revenue from outside of the U.S. of $9.33 billion, represented 58% of total revenue and little changed from a year earlier.

On a constant currency basis and excluding hedging gains, revenue would have been lower by $120 million.

Posted-In: Earnings News After-Hours Center

 

Related Articles (GOOGL)

View Comments and Join the Discussion!