Research Desk Line-up: Baidu Post Earnings Coverage

LONDON, UK / ACCESSWIRE / July 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=GOOGL, following the Company's release of its financial on July 24, 2017, results for the second quarter fiscal 2017 (Q2 FY17). The Mountain View, California-based Company's revenues rose 21% y-o-y, beating market consensus estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

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Get more of our free earnings reports coverage from other constituents of the Internet Information Providers industry. Pro-TD has currently selected Baidu, Inc. (NASDAQ: BIDU) for due-diligence and potential coverage as the Company announced on July 27, 2017, its unaudited financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Baidu when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on GOOGL; also brushing on BIDU. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=GOOGL

http://protraderdaily.com/optin/?symbol=BIDU

Earnings Reviewed

For the three months ended on June 30, 2017, Alphabet reported revenues of $26.01 billion, which came in above the $21.50 billion recorded at the end of Q2 FY16. Revenue numbers for the reported quarter topped market expectations of $20.83 billion. Furthermore, the Company's revenues were up 23% y-o-y on a constant currency basis.

The internet search engine leader reported Q2 FY17 net income of $3.52 billion, or $5.01 per diluted share, compared to $4.88 billion, or $7.00 per diluted share, in Q2 FY16. Meanwhile, the Company reported non-GAAP net income of $6.26 billion, or $8.90 per diluted share, in Q2 FY17, which came in above Wall Street's estimates of $8.17 per share.

Operating Metrics

In Q2 FY17, the Company incurred total costs and expenses of $21.88 billion, up from $15.53 billion in the previous year's comparable quarter. The Company posted income from operations of $4.13 billion in Q2 FY17 compared to $5.97 billion in past year's same period. Alphabet's operating margin was down to 16% in Q2 FY17 from 28% in the year-ago same quarter. Furthermore, the Company's income before income taxes came in at $4.38 billion for Q2 FY17 compared to $6.12 billion in Q2 FY16.

Segment Performance

During Q2 FY17, Google segment's revenues were $25.76 billion compared to $21.32 billion in the previous year's corresponding period. Additionally, the segment's operating income grew to $7.80 billion in Q2 FY17 from $6.99 billion in Q2 FY16.

Alphabet's Other Bets segment's revenues increased to $248 million in Q2 FY17 from $185 million in the prior year's same quarter. However, the segment's reported an operating loss of $772 million in the reported quarter compared to an operating loss of $855 million in Q2 FY16.

Geographical Contribution

In Q2 FY17, the Company's US revenue increased 23% to $12.32 billion from $10.04 billion in the prior year's corresponding quarter. For the reported quarter, Europe, Middle-East, and Africa (EMEA)'s revenue was up by 14% to $8.55 billion in Q2 FY17 from $7.49 billion in Q2 FY16. Meanwhile, on a constant currency basis, EMEA's revenues grew 21% y-o-y to $8.95 billion in Q2 FY17. The Asia/Pacific Countries (APAC) region contributed $3.73 billion to Alphabet's total revenues in Q2 FY17, up 28% y-o-y. On a constant currency basis, revenues from APAC region were up 27% y-o-y to $3.70 billion in Q2 FY17. Furthermore, Other Americas region's revenues surged 31% y-o-y to $1.41 billion in Q2 FY17.

Cash Flow & Balance Sheet

In the reported quarter, Alphabet's net cash provided by operating activities came in at $7.40 billion versus $9.12 billion in the year ago's comparable quarter. The Company reported free cash flow amounting to $4.57 billion in Q2 FY17.

The Company had cash, cash equivalents, and marketable securities balance of $94.71 billion as on June 30, 2017, compared to $86.33 billion at the close of books on December 31, 2016. Furthermore, the Company ended the quarter with long-term debt of $3.96 billion, while it had long-term debt amounting to $3.94 billion as on December 31, 2016.

Stock Performance

Alphabet's share price finished last Friday's trading session at $941.53, slightly up 0.80%. A total volume of 1.80 million shares have exchanged hands, which was higher than the 3-month average volume of 1.78 million shares. The Company's stock price surged 3.93% in the last three months, 14.36% in the past six months, and 26.23% in the previous twelve months. Additionally, the stock rallied 21.99% since the start of the year. Shares of the Company have a PE ratio of 31.82 and currently have a market cap of $641.10 billion.

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SOURCE: Pro-Trader Daily