Alphabet Inc. (GOOGL - Free Report) just released its Q2 2016 earnings results, posting earnings of $6.47 per share and revenue of $21.5 billion.
Currently, GOOGL has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Alphabet Inc.:
1. Beat earnings estimates. The company posted earnings of $7.00 per share, beating our Zacks Consensus Estimate of $6.47.
2. Beat revenue estimates. The company saw revenue figures of $21.5 billion, crushing our estimate of $16.88 billion.
3. "Our terrific second quarter results, with 21% revenue growth year on year, and 25% on a constant currency basis reflect the successful investments we've made over many years in rapidly expanding areas such as mobile and video. We continue to invest responsibly in support of our many compelling opportunities,” said Ruth Porat, CFO of Alphabet.
4. GOOGL saw a 29% year-over-year increase in aggregate paid clicks and a 7% increase from last quarter. It also saw a 37% year-over-year increase in paid clicks on Google websites, representing a 9% increase over last quarter.
5. GOOGL was up $23.86, or 3.12%, to $789.70 as of 4:19 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Alphabet Inc’s latest earnings performance:
Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce, and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.
Check back later for our full analysis on Alphabet Inc’s latest quarterly earnings report!
If you want information on how to trade during earnings season, check out the Zacks Market Edge Podcast below.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Alphabet Inc. (GOOGL - Free Report) just released its Q2 2016 earnings results, posting earnings of $6.47 per share and revenue of $21.5 billion.
Currently, GOOGL has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Alphabet Inc.:
1. Beat earnings estimates. The company posted earnings of $7.00 per share, beating our Zacks Consensus Estimate of $6.47.
2. Beat revenue estimates. The company saw revenue figures of $21.5 billion, crushing our estimate of $16.88 billion.
3. "Our terrific second quarter results, with 21% revenue growth year on year, and 25% on a constant currency basis reflect the successful investments we've made over many years in rapidly expanding areas such as mobile and video. We continue to invest responsibly in support of our many compelling opportunities,” said Ruth Porat, CFO of Alphabet.
4. GOOGL saw a 29% year-over-year increase in aggregate paid clicks and a 7% increase from last quarter. It also saw a 37% year-over-year increase in paid clicks on Google websites, representing a 9% increase over last quarter.
5. GOOGL was up $23.86, or 3.12%, to $789.70 as of 4:19 p.m. EDT in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Alphabet Inc’s latest earnings performance:
Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce, and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.
Check back later for our full analysis on Alphabet Inc’s latest quarterly earnings report!
If you want information on how to trade during earnings season, check out the Zacks Market Edge Podcast below.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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