Alphabet (GOOG) reported earnings on Thur 27 April 2017 (a/h)

** charts before earnings **

 

** charts after earnings **

 

Alphabet beats by $0.35, beats on revs :

• Reports Q1 (Mar) earnings of $7.73 per share, $0.35 better than the Capital IQ Consensus of $7.38; revenues rose 22.2% year/year to $24.75 bln vs the $24.18 bln Capital IQ Consensus.
  • Operating Margin 27% compared to 26% in prior year.
  • Effective Tax Rate 20% compared to 22% in Q4. 
    • Google Property Revenues $17.4 bln compared to $14.3 bln in prior year.
    • Advertising Revenues $21.4 bln compared to $18.02 bln
    • Google other revenues $3.09 bln compared to $2.07 bln
    • Google segment revenues $24.50 bln compared to $20.09 bln
  • TAC as % of revenue 22% compare to 21%
  • Aggregate Clicks Paid +44%; Q4- +36%, Q3 +33%; Q2 +29%; Q1 +29%.
    • Paid Click on Google Properties 53%
    • Paid Clicks on Google Netwrok Member +10%
  • Aggregate cost per click -19%; Q4- -15%, Q3 -11%; Q2 -7%; Q1 -9%.
    • CPC on Google Properties -21%
    • CPC on Google Network Members properties -17%