LONDON, UK / ACCESSWIRE / February 3, 2017 / Active Wall St. announces its post-earnings coverage on Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG). The Company released its financial results for the fourth quarter fiscal 2016 (Q4 FY16) and full year 2016 (FY16) on January 26, 2017. The Mountain View, California-based Company's revenues surged 22% y-o-y, beating consensus market estimates. Register with us now for your free membership at: http://www.activewallst.com/register/.

One of Alphabet's competitors within the Internet Information Providers space, Baidu, Inc. (NASDAQ: BIDU), is estimated to report earnings on February 23, 2017. AWS will be initiating a research report on Baidu following the release of its next earnings results.

Today, AWS is promoting its earnings coverage on GOOGL and GOOG; touching on BIDU. Get our free coverage by signing up to:

http://www.activewallst.com/registration-3/?symbol=GOOGL

http://www.activewallst.com/registration-3/?symbol=BIDU

Earnings Reviewed

For the three months ended on December 31, 2016, Alphabet reported revenues of $26.06 billion, which came in above $21.33 billion recorded at the end of Q4 FY15. The Company's revenues were up by 22% y-o-y and 24% y-o-y on a constant currency basis, led by mobile search and YouTube. Total revenues numbers for the reported quarter also outperformed market expectations of $25.23 billion.

The internet search engine leader reported Q4 FY16 GAAP net income available to all stockholders of $5.33 billion, or $7.56 per diluted Class A and B common stock and Class C capital stock, compared to $4.92 billion, or $7.06 per diluted Class A and B common stock and Class C capital stock, in Q4 FY15. The Company's non-GAAP net income available to all stockholders for Q4 FY16 came in at $6.59 billion, or $9.36 per diluted Class A and B common stock and Class C capital stock, versus $6.04 billion, or $8.67 per diluted Class A and B common stock and Class C capital stock in Q4 FY15. The market had expected the Company to report non-GAAP EPS of $9.62 per diluted Class A and B common stock and Class C capital stock.

In FY16, Alphabet's revenues came in at $90.27 billion compared to $74.99 billion in FY15. The Company's net income available to all stockholders increased during FY16 to $19.48 billion, or $27.85 per diluted Class A and B common stock and Class C capital stock, from $15.83 billion, or $22.84 per diluted Class A and B common stock and $24.34 per diluted Class C capital stock, in FY15.

Operating Metrics

In Q4 FY16, the Company posted GAAP operating income of $6.64 billion compared to $5.38 billion in past year's same period. Alphabet's GAAP operating margin improved to 25.5% in Q4 FY16 from 25.2% in Q4 FY15. Non-GAAP operating income for Q4 FY16 stood at $8.49 billion compared to $6.82 billion, in the previous year period. Furthermore, non-GAAP operating margin improved in Q4 FY16 to 32.6% from 32.0% in Q4 FY15.

Segment Performance

During Q4 FY16, Google segment's revenues were $25.80 billion compared to $21.18 billion in the previous year corresponding period. Additionally, the segment's operating income grew to $7.88 billion in Q4 FY16 from $6.74 billion in Q4 FY15.

Alphabet's other Bets revenues increased to $262 million in Q4 FY16 from $150 million in the prior year's same quarter. Moreover, the segment's operating loss narrowed down to $1.09 billion in the reported quarter from $1.21 billion in Q4 FY15.

Geographical Contribution

In Q4 FY16, the Company's US revenue was up 24% y-o-y to $12.72 billion. For the reported quarter, UK revenue was up 7% y-o-y to $2.06 billion, reflecting the continued weakness of the British pound relative to last year. Meanwhile, on a constant currency basis, UK revenues grew 21% y-o-y to $2.28 billion in Q4 FY16. Furthermore, rest of world contributed $11.29 billion to Alphabet's total revenues in Q4 FY16, up 24% y-o-y. On a constant currency basis, revenues from rest of world were up 26% y-o-y to $11.09 billion in Q4 FY16.

Cash Flow & Balance Sheet

In the reported quarter, Alphabet's net cash provided by operating activities came in at $9.41 billion compared to $6.61 billion in the year ago same quarter. The Company reported free cash flow amounting to $6.34 billion in Q4 FY16 versus $4.51 billion in Q4 FY15.

The Company had cash, cash equivalents, and marketable securities balance of $86.33 billion as on December 31, 2016, compared to $73.07 billion, at the close of books on December 31, 2015. Furthermore, the Company ended the quarter with long-term debt of $3.94 billion, while it had long-term debt amounting to $2.00 billion as on December 31, 2015.

Stock Performance

At the closing bell, on Thursday, February 02, 2017, Alphabet's stock Class A's stock slightly climbed 0.37%, ending the trading session at $818.26. A total volume of 1.69 million shares were traded at the end of the day. In the last six months and previous twelve months, shares of the Company have advanced 2.42% and 9.19%, respectively. Moreover, the stock gained 3.26% since the start of the year. Shares of the company have a PE ratio of 29.41. The stock currently has a market cap of $556.72 billion.

On Thursday, the stock closed the trading session at $798.53, marginally up 0.36% from its previous closing price of $795.70. A total volume of 1.53 million shares have exchanged hands. Alphabet's Class B's shares advanced 1.58% in the last month, 1.90% in the past three months, and 3.28% in the previous six months. Furthermore, on a year to date basis, the stock gained 3.46%. Shares of the company have a PE ratio of 29.23. The stock currently has a market cap of $543.73 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street