Google (GOOG): Q3 EPS of $9.72 beats by $0.98. Revenue of $7.51B (+37% Y/Y) beats by $300M. More on Google's (GOOG) Q3 results: International markets accounted for 55% of revenue, up from 52% in year-ago period. Paid clicks increased 28% Y/Y, while cost per click grew 5% Y/Y (but fell 5% Q/Q). Operating expenses were 34% of revenue, up from 30% in year-ago period. Stock compensation expenses grew 50% Y/Y, to $571M. GOOG +5.2% AH.
Google’s spending may remain an issue for Wall Street. GOOG says it added 2,585 employees in the quarter, compared to 2,452 the previous quarter. That brings total hiring to 6,953 for the first three quarters of 2011. Google announced in January that 2011 would be a record year for hiring. Wall Street has generally been wary of GOOG’s spending on hires…
Here’s more detail from Dow Jones Newswires:
Total costs jumped 41%, higher than the latest quarter’s pace of revenue growth and the expense increase in the previous quarter as well. Recently, Google’s surging investment in new products, advertising, hiring and worker compensation have hurt profitability. The pace of growth abated somewhat in the second quarter, and Chief Executive Larry Page reassured investors that the spending would balance short-term and long-term results in July.
U.S. paid clicks, a measure of how frequently consumers click on its ads, increased 28% compared with a year earlier and 13% sequentially. That was the strongest momentum in more than a year.
The average cost that advertisers paid Google per click rose 5% from a year earlier but fell 5% from the previous quarter.
Here’s more detail from Dow Jones Newswires:
Total costs jumped 41%, higher than the latest quarter’s pace of revenue growth and the expense increase in the previous quarter as well. Recently, Google’s surging investment in new products, advertising, hiring and worker compensation have hurt profitability. The pace of growth abated somewhat in the second quarter, and Chief Executive Larry Page reassured investors that the spending would balance short-term and long-term results in July.
U.S. paid clicks, a measure of how frequently consumers click on its ads, increased 28% compared with a year earlier and 13% sequentially. That was the strongest momentum in more than a year.
The average cost that advertisers paid Google per click rose 5% from a year earlier but fell 5% from the previous quarter.
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