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Citação :
" ... Reflexo destas más notícias, o Google desce mais de 12% no mercado “after-hours”, enquanto a Microsoft desce perto de 5%.
Como também a Merrill Lynch apresentou resultados negativos (prejuízos pelo quarto trimestre consecutivo) amanhã espera-se novo dia difícil nas bolsas."
" ... Reflexo destas más notícias, o Google desce mais de 12% no mercado “after-hours”, enquanto a Microsoft desce perto de 5%.
Como também a Merrill Lynch apresentou resultados negativos (prejuízos pelo quarto trimestre consecutivo) amanhã espera-se novo dia difícil nas bolsas."
"Sofremos muito com o pouco que nos falta e gozamos pouco o muito que temos." Shakespeare
Google Q2 Earnings: Analysis
Posted Jul 17, 2008 04:19pm EDT by Henry Blodget in Investing, Internet, Media
Related: goog
From Silicon Alley Insider, July 17, 2008:
The release is out. As we feared, a miss. Gross revenue and net revenue in line, EPS light (see below). Revenue benefitted heavily from FOREX, and certainly wasn't the upside surprise the Street was looking for. Stock down hard in aftermarket.
Conference call about to begin (link to webcast)...
Key Metrics:
Gross Revenue in line: $5.37 billion (+39%) vs. $5.4 billion consensus.
Net Revenue in line: $3.9 billion vs. $3.9 billion consensus, in line. Google Sites revenue spot on, Google Network revenue slightly light. Licensing revenue well ahead (but still tiny).
EPS light: $4.63 vs. $4.74 consensus
For live summary analysis, click here.
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Google Earnings Trail Analysts' Estimates; Shares Decline
By [bn:PRSN=1] Crayton Harrison []
July 17 (Bloomberg) -- Google Inc., owner of the most popular Internet search engine, posted a second-quarter profit that trailed analysts' estimates, sending the shares down as much as 9.3 percent.
Net income rose to $1.25 billion, or $3.92 a share, from $925 million, or $2.93, a year earlier, the company said today in a Business Wire statement. Profit amounted to $4.63 a share, excluding costs such as stock-based compensation. Analysts on average predicted profit of $4.73, according to the Bloomberg survey.
U.S. ad spending will grow 2 percent this year, down from an earlier forecast of 3.7 percent, New York-based researcher Magna Global said this month. Google, which got more than half its sales from the U.S. last year, is vying with Yahoo! Inc. and Microsoft Corp. for customers as advertisers look for the most effective way to spend shrinking budgets.
``That's the problem with Google -- everybody thinks they're immune to an economic slowdown,'' said Ross Sandler, an analyst at RBC Capital Markets in New York. ``They're not immune to deceleration.'' He expects the shares to outperform the broader market.
Sales, excluding revenue passed on to partner sites, climbed 43 percent to $3.9 billion, beating the $3.86 billion average estimate of analysts in a Bloomberg survey.
Google, based in Mountain View, California, fell $2.16 to $533.44 before the announcement at 4 p.m. New York time in Nasdaq Stock Market trading. The shares dropped to $483.81 in after- hours trading.
Google fielded about 62 percent of U.S. Internet searches in May, about double the market share of Yahoo and Redmond, Washington-based Microsoft combined. To take advantage of Google's higher prices, Yahoo Chief Executive Officer Jerry Yang struck a deal to let Google sell some ads for his company's search engine, shunning offers from Microsoft to buy all or part of the Sunnyvale, California-based company.
The partnership, under review by the Justice Department and the subject of hearings this week by U.S. lawmakers, may increase prices for Yahoo's search ads by 22 percent, said Roger Barnette, president of SearchIgnite Inc., an Atlanta-based search marketing firm.
Even advertisers hurt by slowdowns have swallowed Google's price increases in exchange for better ad placements. Rates for mortgage companies, facing the worst housing crisis since the Great Depression, rose 35 percent in June from the end of last year. Prices for retailers rose 9 percent even as consumer confidence fell to a 16-year low.
``In the U.S., while things are soft, they continue to gain market share,'' said the analyst, who is based in Boca Raton, Florida, and recommends holding on to Google shares.
Economists on average estimate the U.S. economy expanded 1.2 percent last quarter, compared with 3.8 percent a year ago and 1 percent the previous quarter. First-time jobless claims rose last week to 366,000 as the U.S. housing market, tightening credit and slowing consumer spending combined weighed down growth.
If the economy slowed further, Google would keep winning clients because its technology can deliver ads to users based on their queries, unlike other forms of advertising that can't pinpoint who views them, CEO Eric Schmidt told analysts in April after reporting first-quarter results.
``We do not see an impact as of this time,'' he said. ``We're well positioned, should economics change, to continue to do well because our model is so targeted
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