Alphabet (GOOG) Tops Q3 EPS by 14c
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EPS Growth %: +29.1%
Financial Fact:
Provision for income taxes: 912M
Today's EPS Names:
MAXN, CSTR, ACU, More
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Alphabet (NASDAQ: GOOG) reported Q3 EPS of $7.35, $0.14 better than the analyst estimate of $7.21. Revenue for the quarter came in at $18.7 billion versus the consensus estimate of $18.53 billion.
In addition to earnings, Alphabet announced that board of directors authorized the company to repurchase up to $5,099,019,513.59 of its Class C capital stock, commencing in the fourth quarter of 2015. The repurchase is expected to be executed from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans.
Revenues and Monetization
Revenues by source (in millions; unaudited):
| Three Months Ended September 30, 2015 | Change from Q3 2014 to Q3 2015 (YoY) | Change from Q2 2015 to Q3 2015 (QoQ) | ||||||
|---|---|---|---|---|---|---|---|---|
| Google websites | $ | 13,087 | 16 | % | 6 | % | ||
| Google Network Members' websites | 3,694 | 4 | % | 2 | % | |||
| Total advertising revenues* | 16,781 | 13 | % | 5 | % | |||
| Other revenues | 1,894 | 11 | % | 11 | % | |||
| Revenues | $ | 18,675 | 13 | % | 5 | % | ||
| *Advertising revenues are generally reported on a gross basis, consistent with GAAP, without deducting TAC. | ||||||||
Had foreign exchange rates remained constant from the third quarter of 2014 through the third quarter of 2015, our revenues in the third quarter of 2015 would have been $1,291 million higher with a constant currency growth rate of 21% year over year. This includes a foreign exchange rate impact of $1,577 million, offset by hedging gains of $286 million related to our foreign exchange risk management program. Our constant currency revenues are presented in the financial tables following this release as well as in the accompanying materials on the Investor Relations website.
Paid clicks and cost-per-click information (unaudited):
| Change from Q3 2014 to Q3 2015 (YoY) | Change from Q2 2015 to Q3 2015 (QoQ) | |||||
|---|---|---|---|---|---|---|
| Aggregate paid clicks | 23 | % | 6 | % | ||
| Paid clicks on Google websites | 35 | % | 7 | % | ||
| Paid clicks on Google Network Members' websites | (5) | % | 0 | % | ||
| Aggregate cost-per-click | (11) | % | (1) | % | ||
| Cost-per-click on Google websites | (16) | % | (2) | % | ||
| Cost-per-click on Google Network Members' websites | (4) | % | 1 | % | ||
For earnings history and earnings-related data on Alphabet (GOOG) click here.
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