Google Inc(NASDAQ:GOOG)’s third quarter earnings,
which came in unexpectedly early on Thursday missed analyst forecasts both on
profits and revenues.
The internet search giant said it earned $9.03 per
share in the third quarter, well below the consensus estimate that had forecast
an EPS of $10.63; GAAP EPS came in at $6.53.
It reported revenues of $11.3 billion, against
forecasts of $11.9 billion. Consolidated revenues of the company rose 45
percent to $14.1 billion.
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Paid clicks rose 33 percent year-over-year, while cost
per click fell 15 percent.
Google’s international revenue, which represents more
than half of its total revenues, hit $6.1 billion. In fact, its share in total
revenues rose to 54 percent from 53 percent in the second quarter.
Google-owned web site advertising revenues grew 15
percent to $7.7 billion.
The all-important traffic acquisition cost (TAC)
number ticked up to $2.77 billion, from $2.2 billion.
The company reported that its cash stock pile had reached
$45.7 billion.
Its revenues from Motorola were $2.58 billion, or 18
percent of consolidated revenues.
There was no word from Google about its Android
operating system or anything about the Nexus tablets and its future prospects.
Shares in the company quickly sank and were trading
down more than 9 percent at $687.30.
Reports suggested that the early release of the
results was a mistake by the company and could have been done in error.
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