Browse > Home / Earnings, Stocks / Google Blows out numbers (again)

Google Blows out numbers (again)

April 16, 2009 6:06 pm

Google Inc. (GOOG) reported earnings per share at $5.16 vs. expectations at $4.93 per share and revenues of $5.51 Billion vs.$4.08 Billion.  Wall Street was optimistic today about Google’s stock pushing it well over the $390 handle intra-day and after the earnings call we have seen the stock fluctuate between $388 and well over the $400 price level.  What we have heard is that advertising revenues have been under pressure in this current economic environment.  However, Google remains a powerhouse in the search engine department and are looking to expand it’s brand to other sectors.  Google currently has approximately 82% of the global search engine market share and continues to expand internationally.  Online advertiser’s have recognized this and continued to pay for ad’s on Google’s web sites as well as their Network web sites.

Shares are up 5% actually falling after a big jump in after hours trading on the news. Even as revenue slowed, it is nice to see that Google still has what it takes to be successful. Of course not everything was rosey with the quarter. For example, revenues were down, but offset by layoffs and cost cutting.

Over the past quarters however Google’s Advertising year over year growth rate has begun to decline.  In the first quarter of 2008 we saw revenues grow 42% y/y and 7% q/q vs. the most recent quarter at 6% y/y and -3% q/q.

International revenues totaled $2.88 billion which represented 52% of total revenues for their 1st Quarter in 2009.  Although their was a fairly large increase in international sales Google was hurt slightly by the strengthening dollar in the amount of $120 million which was offset by their $154 million in revenue from their foreign exchange risk management program.

**See Google’s official press release HERE

Be Sociable, Share!

Sorry, No Related Posts.

Disclosure: This material is provided for information only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. This material is not a complete analysis of all material facts respecting any issuer, industry or security or of your investment objectives, parameters, needs or financial situation, and therefore is not a sufficient basis alone on which to base an investment decision. Horowitz & Company clients may hold positions (long or short) in investments discussed.
Please click for detailed disclosures and additional information about our stock ratings and scoring.

Written by Andrew Horowitz · Category(s) Earnings, Stocks    |  Tags: • •   

5 Responses to “Google Blows out numbers (again)”

  1. Fred on April 20th, 2009 11:31 am

    I need to read Google's 10-Q. I have definitely heard of a cost per click decrease among adsense users. It is strange that publisher's revenue would go down, but Google's revenue went up. Can you explain this David?

  2. DEL on October 19th, 2011 3:52 pm

    RT @bonapark: Took the New York Times Personality Test. Turns out I’m a Trendsetter. Take the quiz here http://t.co/dA9Df6A9

  3. Jedi on October 24th, 2011 8:01 am

    It is acceptable time for it to form some methods for the longer term and additionally it’s time to be at liberty. I even have investigate this publish and after I might My partner and that i want to advocate a private some fascinating points or maybe suggestions. maybe you may compose next content discussing this short article. we wish to look at even a lot of aspects of the idea!

  4. cheap electric guitar on November 15th, 2011 9:31 am

    This really answered my drawback, thanks!Desire you want to observe details regarding electric guitar

  5. Buy Patio Now at Cheap Price on November 24th, 2011 3:32 am

    Aw, this was a really nice post. In idea I would like to put in writing like this moreover – taking time and actual effort to make an excellent article… but what can I say… I procrastinate alot and not at all seem to get something done.Desire you would like to view more info concerning Buy Wall Decor Now at Cheap Price

Got something to say?