Google Inc Stock Surges After Earnings Beat

Google Inc Stock Surges After Earnings Beat

Google released the earnings results from its second fiscal quarter after closing bell tonight, posting non-GAAP earnings of $6.99 per share on $17.7 billion in revenue, an 11% increase from last year. Analysts had been looking for earnings of $6.70 per share and revenue of $17.7 billion. In the same quarter last year, the internet giant posted earnings of $5.98 per share on $15.96 billion in revenue.

Key metrics from Google’s earnings report

In constant currency, Google’s total revenues increased 18% year over year. GAAP earnings for Class A and B shares was $4.93 per share, while GAAP earnings for Class C stock were $6.43 per share. The company reported $7 billion in operating cash flow for the quarter.

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Traffic acquisition costs increased slightly year over year to $3.78 billion. For Google Network Members, Traffic acquisition costs were $2.432 billion, a slight increase from last year, while costs to distribution partners were $945 million.

Google reported an 18% year over year increase and 7% sequential increase in aggregate paid clicks. Paid clicks on Google websites increased 30% from last year and 10% from last quarter. Paid clicks on Google Network Members’ websites declined 9% year over year and 2% quarter over quarter.

Aggregate cost per click fell 11% from last year and 4% from last quarter. Cost per click on Google websites fell 16% year over year and 5% quarter over quarter, while cost per click on Google Network Members’ website