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Google Inc. (GOOG)

  • Jan. 30, 2014, 12:10 AM
  • Jan. 29, 2014, 5:35 PM
  • Jan. 28, 2014, 2:40 PM
  • Oct. 17, 2013, 4:24 PM
  • Oct. 17, 2013, 4:03 PM
  • Oct. 17, 2013, 12:10 AM
  • Oct. 16, 2013, 5:35 PM
  • Jul. 19, 2013, 1:06 PM
    Compared with Microsoft, Google (GOOG -1.6%) is getting off lightly for its June quarter miss, as the sell-side argues the shortfall stems from near-term transitions - improving mobile monetization/conversions with the help of Enhanced Campaigns, enforcing stricter ad network policies - rather than long-term problems. "We've seen this before, and we're not concerned," says Jefferies (Buy) about the ad network slowdown." BMO (Market Perform) points out Enhanced Campaigns are lifting click-through rates and ROIs, particularly for "large chain businesses" such as retailers and restaurant chains. VCLK -4.1%. (Q2: I, II, III) (transcript)
  • Jul. 18, 2013, 7:15 PM
    Mobile is "clearly" having an impact on Google's (GOOG) ad prices, but it's not the only factor, management insists on the CC. 75% of AdWords campaigns now leverage Enhanced Campaigns, and 6M+ campaigns have been migrated (up from 1.5M+ in April). But sales chief Nikesh Arora admits the impact of the transition will be gradual. He also promises better data about user activity/intentions will lead to better mobile conversions (and thus higher ad prices). CFO Patrick Pichette declares profitability a requirement for Fiber, and says stricter policy terms for partners have affected Google's near-term ad network revenue growth. Shares -4.1% AH. (Q2: I, II) (live blogs: I, II)
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  • Jul. 18, 2013, 4:29 PM
    More on Google: Ad prices remain under pressure, likely due to mobile: cost-per-click -2% Q/Q and -6% Y/Y in Q2; they fell 4% Q/Q and Y/Y in Q1. Paid clicks +4% Q/Q and +23% Y/Y, better than Q1's +3% Q/Q and +20% Y/Y. Google Sites revenue (68% of total) +18% Y/Y (same as Q1), ad network revenue (24% of total) only +7%, down from Q1's +12%. Other revenue (inc. Nexus) +138% to $1.05B. International 55% of sales (same as Q1). TAC steady at 25% of revenue. Motorola sales -4% Q/Q to $998M. Capex was $1.6B, up from Q1's $1.2B. Google headcount rose by 2.4K Q/Q to 40.2K, Motorola Mobility headcount fell by 50%+ to 4.6K. R&D spend +29% Y/Y to $2B, sales/marketing +23% to $1.7B, G&A +27% to $1.2B. GOOG -5.2% AH. (PR)
  • Jul. 18, 2013, 4:06 PM
    Google (GOOG): Q2 EPS of $9.56 misses by $1.22. Revenue (ex.-TAC) of $11.1B misses by $230M. Shares -4.5% AH. CC at 4:30PM ET (webcast). (PR)
  • Jul. 18, 2013, 12:10 AM
    Notable earnings after Thursday’s close: GOOG,MSFT, AMD, CMG, ISRG, SWKS, SYK, COF, BGS , RMBS, PBCT, CBST, ACTG, ATHN, CPHD,ALGN, CE, WAL, CYT
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  • Jul. 17, 2013, 5:35 PM
    Notable earnings after Thursday’s close: GOOG,MSFT, AMD, CMG, ISRG, SWKS, SYK, COF, BGS , RMBS, PBCT, CBST, ACTG, ATHN, CPHD,ALGN, CE, WAL, CYT
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  • May 22, 2013, 6:37 PM
    In its earnings call today, Hewlett-Packard (HPQ) CEO Meg Whitman remarked that its position in the PC market has been boosted by recent efforts to sell tablets powered by Google's (GOOG) Android, thus allowing it to compete in tablets again after discontinuing its Palm/webOS TouchPad in 2011. "If we have the right product and the right price, the channel still loves H-P and they want to sell our products," Whitman said. "Frankly, having Android products helps a lot." (Webcast) Shares +13.3% AH.
  • Apr. 19, 2013, 5:16 PM
    Google (GOOG +4.4%) refused to stop rallying today, closing within a hair's breadth of $800. In addition to favorable sell-side notes, investors may have taken heart in earnings call remarks about growth being "fairly stable" across regions in the face of macro challenges. Asia is said to be Google's fastest-growing region, and recession-hit Southern Europe "remains stable." Google also noted "Other" revenue rose 27% Q/Q and 150% Y/Y to $1B thanks to Google Play, and that YouTube viewing has risen by 50% over the last year. (Q1: I, II)
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  • Apr. 18, 2013, 4:29 PM
    More on Google: Q1 Revenue ex-TAC was $11.01B. TAC 25% of ad revenue, even with Q4. Google revenue (exc. Motorola) +22% Y/Y, even with Q4. Paid clicks +3% Q/Q and +20% Y/Y (+24% Y/Y in Q4). Cost-per-click (ad prices) -4% Q/Q and Y/Y after rising 2% Q/Q in Q4 (mobile a likely culprit). International 55% of sales (54% prior). Motorola Mobile revenue of $1.02B (-54% Y/Y), unit had a $179M operating loss. Capex of $1.2B. Free cash flow of $2.43B, below net income of $3.9B. Google headcount rose by 1.2K, Motorola Mobile headcount fell by almost as much. Opex 33% of revenue, same as Q4 and a year ago. GOOG now +0.2% AH. (PR)
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Company Description
Google Inc is a web search and online advertising company. The Company offers search, online advertising, operating systems and platforms, enterprise and hardware products.