Google (GOOG) Shares Crushed Amid Q4 Earnings, Sales Misses
Tweet
Share
E-mail
Get Alerts GOOG Hot Sheet
Price: $157.95 -1.96%
Revenue Growth %: +15.4%
Financial Fact:
Interest and other income, net: 183M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Revenue Growth %: +15.4%
Financial Fact:
Interest and other income, net: 183M
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
Google (NASDAQ: GOOG) shares are getting absolutely slammed in Thursday's after-hours session following a fourth-quarter miss on both the top and bottom lines. After closing at $639.57, shares last traded at $581 even.
Revenue rose 25 percent from the same quarter last year to $10.58 billion. Sales totaled $8.38 billion after subtracting traffic acquisition costs. The Street’s analysts were expecting $8.41 billion in net revenue from Google.
Quarterly international revenue totaled $5.60 billion, representing 53 percent of total sales, compared to 52 percent in the fourth quarter of 2010.
Google-owned sites generated revenue of $7.29 billion, or 69 percent of total sales, in the quarter. This represents a 29 percent increase over the same period last year.
Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of the company's Network members, increased approximately 34 percent over the fourth quarter of 2010 and increased approximately 17 percent over the third quarter of 2011.
Average cost-per-click decreased approximately 8 percent over the quarter.
Operating expenses other than cost of revenue, were $3.38 billion, or 32 percent of total sales, compared to $2.51 billion in the fourth quarter of 2010, or 30 percent of revenue.
GAAP operating income was $3.51 billion, or 33 percent of revenues, while non-GAAP operating income was $4.04 billion, or 38 percent of revenues. This compares to non-GAAP operating income of $3.38 billion, or 40% of revenues, in the fourth quarter of 2010.
GAAP net income was rose 6.7 percent to $2.71 billion; non-GAAP net income rose 9.8 percent to $3.13 billion.
GAAP EPS were $8.22, compared to $7.81 in the fourth quarter of 2010. Non-GAAP EPS were $9.50, compared to $8.75 in the fourth quarter of 2010. The Street was forecasting earnings of $10.49 per share.
Net cash provided by operating activities in the fourth quarter of 2011 totaled $3.92 billion, compared to $3.53 billion in the fourth quarter of 2010.
On a worldwide basis, Google employed 32,467 full-time employees as of December 31, 2011, up from 31,353 full-time employees as of September 30, 2011.
“Google had a really strong quarter ending a great year. Full year revenue was up 29%, and our quarterly revenue blew past the $10 billion mark for the first time,” said Larry Page, CEO of Google. “I am super excited about the growth of Android, Gmail, and Google+, which now has 90 million users globally—well over double what I announced just three months ago. By building a meaningful relationship with our users through Google+ we will create amazing experiences across our services. I’m very excited about what we can do in 2012—there are tremendous opportunities to help users and grow our business.”
Revenue rose 25 percent from the same quarter last year to $10.58 billion. Sales totaled $8.38 billion after subtracting traffic acquisition costs. The Street’s analysts were expecting $8.41 billion in net revenue from Google.
Quarterly international revenue totaled $5.60 billion, representing 53 percent of total sales, compared to 52 percent in the fourth quarter of 2010.
Google-owned sites generated revenue of $7.29 billion, or 69 percent of total sales, in the quarter. This represents a 29 percent increase over the same period last year.
Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of the company's Network members, increased approximately 34 percent over the fourth quarter of 2010 and increased approximately 17 percent over the third quarter of 2011.
Average cost-per-click decreased approximately 8 percent over the quarter.
Operating expenses other than cost of revenue, were $3.38 billion, or 32 percent of total sales, compared to $2.51 billion in the fourth quarter of 2010, or 30 percent of revenue.
GAAP operating income was $3.51 billion, or 33 percent of revenues, while non-GAAP operating income was $4.04 billion, or 38 percent of revenues. This compares to non-GAAP operating income of $3.38 billion, or 40% of revenues, in the fourth quarter of 2010.
GAAP net income was rose 6.7 percent to $2.71 billion; non-GAAP net income rose 9.8 percent to $3.13 billion.
GAAP EPS were $8.22, compared to $7.81 in the fourth quarter of 2010. Non-GAAP EPS were $9.50, compared to $8.75 in the fourth quarter of 2010. The Street was forecasting earnings of $10.49 per share.
Net cash provided by operating activities in the fourth quarter of 2011 totaled $3.92 billion, compared to $3.53 billion in the fourth quarter of 2010.
On a worldwide basis, Google employed 32,467 full-time employees as of December 31, 2011, up from 31,353 full-time employees as of September 30, 2011.
“Google had a really strong quarter ending a great year. Full year revenue was up 29%, and our quarterly revenue blew past the $10 billion mark for the first time,” said Larry Page, CEO of Google. “I am super excited about the growth of Android, Gmail, and Google+, which now has 90 million users globally—well over double what I announced just three months ago. By building a meaningful relationship with our users through Google+ we will create amazing experiences across our services. I’m very excited about what we can do in 2012—there are tremendous opportunities to help users and grow our business.”
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- NBA in talks with Amazon, Youtube on new streaming package - WSJ
Create E-mail Alert Related Categories
Corporate News, EarningsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
