By Justin Sullivan/Getty ImagesGoogle reported Q1 earnings just after 4 P.M. today.
It beat profit expectations and in the first few minutes after the numbers hit, the stock rose in afterhours trading.
- Non-GAAP EPS : $11.58 versus $10.69 expectations.
- Revenue : $13.97 billion versus $14.04 billion expectations.
- Cost-per-click down 4% y/y.
- Paid clicks increased 20% y/y.
- Traffic acquisition costs were 25% of revenues, flat y/y.
In a statement, CEO Larry Page said: “We had a very strong start to 2013, with $14.0 billion in revenue, up 31% year-on-year. We are working hard and investing in our products that aim to improve billions of people's lives all around the world.”
Google will host a conference call today at 4:30 eastern.
We'll be monitoring the call for news and will post anything relevant here.
Earlier, JP Morgan analyst Doug Anmuth published a great list of topics and data points to listen for. Quoting from his latest note…
- "Google core search trends including the ongoing transition from desktop to mobile"
- "Cost-per-click and Google Sites traffic acquisition costs metrics, both of which surprised to the upside in 4Q"
- "Management’s commentary on Enhanced Campaigns around advertiser response, adoption timing, and financial impact"
- "Updated Product Listing Ads feedback"
- "Android/Nexus device sales and strategy"
- "A Motorola update including more detail on Google designs in the product pipeline"
- "Any update on C shares timing and management's latest thoughts on returning capital."
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