Alphabet misses by $0.37, beats on revs (1157.70 -2.24)
Reports Q4 (Dec) earnings of $9.70 per share, $0.37 worse than the Capital IQ Consensus of $10.07; revenues rose 24.0% year/year to $32.32 bln vs the $31.88 bln Capital IQ Consensus.
Operating Margin 24% compared to 25% in prior year.
Total TAC $6.45 bln compared to $4.84 bln in prior year.
TAC as a percentage of revenue 24% compared to 22% in prior year
Aggregate paid clicks 18% compared to 47% in Q4
Paid Clicks at Google Properties 19%
Paid clicks on Network Members 9%
Aggregate cost per click (6)% compared to (18)% in Q3
CPC on properties (7)%
CPC on Network Members 1%