GOOG - Google's Stock Price Drops as Earnings Rise

Feb 1, 2007 • 7:02 am | comments (0) by | Filed Under Google Search Engine

The bottom line is that Google's stock, GOOG, has dropped about 3% as soon as Google announced their 4th quarter earnings. The deal is, their earnings were pretty good, showing an 19.3% increase in revenues from the previous quarter and a 40.5% GAAP increase in net income. In any event, Wall Street was expecting more from Google.

Danny Sullivan probably has the ultimate write up on Google's 2006 earnings announcement, so check it out there for all the facts, links, charts and questions and answers from the conference call.

I also love how shorebreak summed up the results at a WebmasterWorld thread:

Q4 '06 #'s below, with sequential growth in () -
$3.21B Total Revenue (+19.3% sequentially)
$976M Traffic Acquisition Costs (+18.3%)
$1.006B Operating Income (+8.1%, Less R&D, Selling, G&A, etc)
$1.03B Net income (+40.5% GAAP, +22.8% Non-GAAP)
$3.29 EPS (+39.4% sequentially) = $1.98B, or 62% of total (+22%)
Network = $1.2B, or **37%** of total (+16%)
Int'l = 44%
Clicks = +22% vs Q3

Nice and to the point.

Also check out Techmeme for the tons of news and blog articles on it.

Forum discussion at WebmasterWorld.

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