#google earnings

[kgos766997]

Alphabet beats earnings expectations, raises spending forecast

[kgos766997]

Google beats on Q2 earnings, raises capex expeditures

[thecryptoreport]

Google Stock Explodes Nearly 10 Percent Higher After Crushing Earnings

Google Stock Explodes Nearly 10 Percent Higher After Crushing Earnings

Quarterly earnings from Google parent Alphabet showed strong advertising growth. As a result, Alphabet’s stock exploded upwards by $96, or 8.5 percent, in after-hours trading.

Does this signal a new upside push for FAANG stocks and tech stock bull market?

Despite Amazon’s earnings miss, and the threat of a DOJ antitrust inquiryhaunting the sector, things look great in the world of digital…

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[investmart007]

LONDON | Google earnings help buoy global markets

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LONDON | Google earnings help buoy global markets

LONDON — A strong round of U.S. corporate earnings, most notably from Google parent Alphabet, helped buoy global stock markets on Tuesday despite some soft economic data that stoked some concerns about the state of the global economy at a time when trade tensions are elevated.

KEEPING SCORE: In Europe, Germany’s DAX rebounded 1.6 percent to 12,750 while the CAC 40 in France was 1 percent higher at 5,432. The FTSE 100 index of leading British shares gained 0.9 percent to 7,726. U.S. stocks were poised for a higher opening with Dow futures and the broader S&P 500 futures up 0.5 percent.

U.S. CORPORATE EARNINGS: On Monday, Google parent Alphabet reported a profit of $3.2 billion for the three months that ended June 30. It booked a $5.1 billion charge to cover a fine levied by European regulators, who have accused Google of unfairly forcing handset makers to take its Chrome, Search and Play Store apps when using its free Android mobile system. Google has said it will appeal the European fine. Alphabet Inc.’s stock jumped 3.6 percent in after-market trading.  Boeing, Facebook, Amazon.com and McDonald’s are also due to report results later this week.

ANALYST TAKE: “After a quiet start the equity bulls have come charging into the fray, emboldened by Google’s figures,” said Chris Beauchamp, Chief Market Analyst at IG. “Over the past week markets around the globe have struggled to make much headway, but today this trench warfare appears to be resolving in favor of buyers.”

GROWTH SLOWDOWN:  A closely watched survey is showing that economic growth across the 19-country eurozone moderated at the start of the third quarter. Financial information firm IHS Markit said Tuesday that its purchasing managers index — a broad gauge of business activity — for the eurozone eased to 54.3 in July from 54.9 in June. Though still above the 50 mark that means the economy continues to grow, the firm said weakened new order inflows and reduced business expectations of future activity fostered a downbeat picture. Meanwhile, another suggested that Japanese manufacturing is slowing. The flash Markit/Nikkei purchasing managers’ index fell to 51.6 in July from a final 53.0 in June, a 20-month low. The downbeat numbers could alleviate pressure on Japan’s central bank to roll back its massive monetary stimulus policy.

ASIA’S DAY: Japan’s Nikkei 225 gained 0.5 percent to 22,510.48. South Korea’s Kospi added 0.5 percent to 2,280.20. Hong Kong’s Hang Seng jumped 1.4 percent to 28,662.57. The Shanghai Composite Index climbed 1.6 percent to 2,905.56. Australia’s S&P-ASX 200 rose 0.6 percent to 6,265.80.

CURRENCIES: The euro was flat at $1.17 while the dollar fell 0.2 percent to 111.15 yen.

OIL: Benchmark U.S. crude added 35 cents to $68.24 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, used to price international oils, gained 16 cents to $73.22.

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By Associated Press

[osint981]

VIDEO: Analyst: Investors Tiring of Google's Science Projects

VIDEO: Analyst: Investors Tiring of Google’s Science Projects

How unsettled will Google’s mixed earnings report make investors? Moor Insights and Strategy’s Patrick Moorhead and WSJ’s Geoff Rogow discuss on the News Hub. Photo: AP

(more…)

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[macdailynews]

Google misses, stock drops

Google misses, stock drops

[cfsp key=”adsense_336x280″]”Google just posted fourth quarter earnings and it missed EPS and revenue,” Matt Rosoff reports.

“Revenue (minus traffic acquisition costs) was $14.48 billion versus $14.61 billion estimates,” Rosoff reports. “Adjusted EPS was $6.88 vs $7.08 expected.”

“Cost per click was down 3% from last year, and 3% from last quarter. That means advertisers are paying a lot less for…

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[macdailynews]

Google earnings miss Street, shares drop 6%

Google earnings miss Street, shares drop 6%

[cfsp key="adsense_336x280"]“Google delivered quarterly earnings and revenue that fell short of analysts’ expectations on Wednesday, as ad pricing continued to weaken,” Karma Allen reports for CNBC. “Shares dropped sharply.”

“The company posted first-quarter earnings excluding items of $6.27 per share, up from $6 a share in the year-earlier period. Revenue increased by 19 percent to $15.42…

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[mattkapko]

Google Puts Final Touches on System-Wide Upgrade to Enhanced Campaigns

Google is running about a month behind schedule as it shifts ads to a more converged multi-screen platform. More than six million campaigns have been upgraded to AdWords Enhanced Campaigns so far and Google expects to have the remainder of its advertising partners, and their respective campaigns, switched over by the end of this month.

CEO Larry Page calls it "the biggest ever change to AdWords," as the company reported $3.23 billion in net income on $14.1 billion in revenue during the second quarter. Digital advertising has developed with specific features tailored for desktop and mobile, Page says on the earnings call with investors. "This made arduous work for advertisers and agencies and meant mobile opportunities often got missed," he adds.

"I think it's important to keep in mind that Enhanced Campaigns are the largest change we've made in AdWords ever, and it was done pretty quickly…We changed tremendous amounts in how our teams operate, how our advertisers operate, how everyone buys those ads, what the users see, and we've done it pretty well," he continues later in the call.

Nikesh Arora, SVP and chief business officer at Google, shares Page's enthusiasm for the "big, long-term bet that is designed to help advertisers more easily reach customers across devices with the right message, all within one campaign." He adds that Pizza Hut has seen its return on investment from mobile increase by 20 percent.

"They found that mobile click-through rate has increased by more than 60 percent while that cost per order on smartphones has dropped by 17 percent. We believe Enhanced Campaigns does set up our clients and our business really well for the long-term and the move towards a constantly connected world goes far beyond just direct response and transactional marketing," Arora continues.

"As many advertisers have discovered that they were not addressing the mobile opportunity appropriately, they discovered new inventory, they discovered better ROI, and better conversion," he says. "As we get better in terms of being able to provide more targeting and more comprehensive ad solutions for mobility and across all screens, the ROI should continue to improve. We believe mobility provides more context to advertisers in terms of where the users are and where they've been, which will allow for more accurate advertising."

Google's revenues jumped 19 percent from the year-ago period as income grew almost 14 percent to $3.23 billion. Net income was slightly down, however, from the previous quarter's $3.35 billion in profit. Motorola Mobile accounted for $998 million in revenue, holding steady from the previous year as a 7 percent contributor to Google's total quarterly revenue. Meanwhile, the weight and financial burden of Motorola Mobile on Google's books is growing. The unit's total loss jumped from $199 million a year ago to a $342 million bleed in the most recent quarter.

Paid clicks jumped 23 percent from a year ago and 4 percent from the previous quarter, while the average cost-per-click declined by 6 percent year-over-year and 2 percent from the previous quarter. Google ended the quarter with $54.4 billion in cash and 44,777 full-time employees.