EmailStory Stocks®
Archive
Last Update: 14-Oct-11 09:53 ET
Google Tops Third Quarter Expectations
Google (GOOG $594.56 +35.57) reported third quarter earnings of $9.72 per share, excluding non-recurring items, $0.95 better than the Capital IQ Consensus Estimate of $8.77.
Net rev (subtracting traffic acquisition costs -- TAC) rose 37% year/year to $7.51 billion versus the $7.21 bln consensus; gross revs rose 33.4% year/year to $9.72 billion versus the $9.45 billion consensus.
Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased ~28% over the third quarter of 2010 and increased ~13% over the second quarter of 2011. Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our AdSense partners, increased ~5% over the third quarter of 2010 and decreased ~5% over the second quarter of 2011.
Operating expenses, other than cost of revenues, were $3.28 billion in the third quarter, or 34% of revenues, compared to $2.19 billion in the third quarter of 2010, or 30% of revenues. As of Sept 30, 2011, cash, cash equivalents, and short-term marketable securities were $42.6 billion. On a worldwide basis, Google employed 31,353 full-time employees as of September 30, 2011, up from 28,768 full-time employees as of June 30, 2011. Google+ is now open to everyone and we just passed the 40 million user mark.
Net rev (subtracting traffic acquisition costs -- TAC) rose 37% year/year to $7.51 billion versus the $7.21 bln consensus; gross revs rose 33.4% year/year to $9.72 billion versus the $9.45 billion consensus.
Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our AdSense partners, increased ~28% over the third quarter of 2010 and increased ~13% over the second quarter of 2011. Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our AdSense partners, increased ~5% over the third quarter of 2010 and decreased ~5% over the second quarter of 2011.
Operating expenses, other than cost of revenues, were $3.28 billion in the third quarter, or 34% of revenues, compared to $2.19 billion in the third quarter of 2010, or 30% of revenues. As of Sept 30, 2011, cash, cash equivalents, and short-term marketable securities were $42.6 billion. On a worldwide basis, Google employed 31,353 full-time employees as of September 30, 2011, up from 28,768 full-time employees as of June 30, 2011. Google+ is now open to everyone and we just passed the 40 million user mark.
