On Thursday, Alphabet Inc. (GOOGL - Free Report) reported its third quarter fiscal 2016 earnings results, beating estimates for both the top and bottom lines. The most anticipated stats analysts look for in Alphabet’s earnings release revolve around advertising, as it still accounts for roughly 90% of their revenue.
Aggregate paid clicks, or ad clicks, grew 33% year-over-year and coming in above its second quartered ad click increase of 29%. This marks the fifth consecutive quarter of ad click growth above 22%; executives at Google have said in the past the mobile has fueled this surge.
Paid clicks on Google websites grew 42% year-over-year, and the aggregate cost-per-click decreased 11% year-over-year. This is a steeper decline in cost-per-click than Alphabet’s previous two quarters in fiscal 2016. This is a direct effect of the shift from desktop computers to mobile devices. Investors should note that mobile ads, in general, are cheaper than desktop ads, so, as mobile ads have increased, the average amount advertisers pay Google after a user clicks on an ad has dropped.
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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.
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.
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On Thursday, Alphabet Inc. (GOOGL - Free Report) reported its third quarter fiscal 2016 earnings results, beating estimates for both the top and bottom lines. The most anticipated stats analysts look for in Alphabet’s earnings release revolve around advertising, as it still accounts for roughly 90% of their revenue.
Aggregate paid clicks, or ad clicks, grew 33% year-over-year and coming in above its second quartered ad click increase of 29%. This marks the fifth consecutive quarter of ad click growth above 22%; executives at Google have said in the past the mobile has fueled this surge.
Paid clicks on Google websites grew 42% year-over-year, and the aggregate cost-per-click decreased 11% year-over-year. This is a steeper decline in cost-per-click than Alphabet’s previous two quarters in fiscal 2016. This is a direct effect of the shift from desktop computers to mobile devices. Investors should note that mobile ads, in general, are cheaper than desktop ads, so, as mobile ads have increased, the average amount advertisers pay Google after a user clicks on an ad has dropped.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>
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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