I so dig these super-short summaries of quarterly earnings reports. Here is JP Morgan on tonight’s Google results:
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Pro forma EPS totaled $6.79. This was slightly below our $6.85 estimate.
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Net revenue grew 13% sequentially. This was slightly below our expectation for 17% Q/Q growth.
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Paid clicks grew 13% Y/Y. This was slightly lower than our estimate for 16% Y/Y growth. CPC improvements were roughly in-line with our expectations.
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US revenue was up 11% Y/Y. This was slightly ahead of our estimate calling for 9% Y/Y growth.
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EBITDA margin came in at 63.1%. This was well ahead of our expectation for 61.9%
My take: Overall solid, but not a blow-out, and more than reflected in the stock.
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