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Last Update: 20-Jan-12 09:56 ET
Google Down 8% Following Earnings Results
After the close yesterday, Google (GOOG $587.62 -51.95) reported fourth quarter earnings of $9.50 per share, excluding non-recurring items, $0.95 worse than the Capital IQ Consensus Estimate of $10.45. Revenues rose 27.6% year/year to $8.13 bln vs the $8.41 bln consensus; gross rev +25% to $10.58 bln vs. the $10.91 bln consensus.
Revenues from outside of the United States totaled $5.60 billion, representing 53% of total revenues in the fourth quarter of 2011, compared to 55% in the third quarter of 2011 and 52% in the fourth quarter of 2010... Fourth quarter Paid Click quarter/quarter 17%, year/year 34%; Cost-per Click quarter/quarter -8%, year/year -8%... Operating expenses, other than cost of revenues, were $3.38 billion in fourth quarter 2011, or 32% of revenues, compared to $2.51 billion in the fourth quarter of 2010, or 30% of revenues. As of Dec 31, 2011, cash, cash equivalents, and short-term marketable securities were $44.6 billion. 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.
Revenues from outside of the United States totaled $5.60 billion, representing 53% of total revenues in the fourth quarter of 2011, compared to 55% in the third quarter of 2011 and 52% in the fourth quarter of 2010... Fourth quarter Paid Click quarter/quarter 17%, year/year 34%; Cost-per Click quarter/quarter -8%, year/year -8%... Operating expenses, other than cost of revenues, were $3.38 billion in fourth quarter 2011, or 32% of revenues, compared to $2.51 billion in the fourth quarter of 2010, or 30% of revenues. As of Dec 31, 2011, cash, cash equivalents, and short-term marketable securities were $44.6 billion. 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.
