Google Reports Increased Profit for Q4 2012; Shares Rise Over 4 Percent
January 22, 2013 9:33 PM
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Google said its profit jumped 13 percent to $10.65 a share from the year-ago quarter
Google has reported impressive fourth quarter earnings for 2012, but missed analyst expectations on the revenue front.
Google's revenue was $11.34 billion in Q4 2012, not including Motorola Home's sales of $802 million. Analysts were expecting $12.4 billion for the quarter. But total revenues were $14.42 billion for the quarter, which was a 36 percent boost from Q4 2011.
But there was a
bit of confusion
as far as revenue goes. Google's treasurer said that analysts may not have adjusted their numbers to show that Motorola Home business, which Google sold for $2.35 billion in December, would be accounted for as a discontinued operation in the Q4 2012 earnings announced.
Google said its profit jumped 13 percent to $10.65 a share from the year-ago quarter of $9.50 a share.
Google's price per click, where advertisers pay Google each time someone clicks on an ad, rose 2 percent in Q4 2012 from Q3 2012. However, it was a 6 percent decrease from Q4 2011.
“We ended 2012 with a strong quarter,” said Google CEO Larry Page. “Revenues were up 36 percent year-on-year, and 8 percent quarter-on-quarter. And we hit $50 billion in revenues for the first time last year – not a bad achievement in just a decade and a half. In today’s multi-screen world we face tremendous opportunities as a technology company
focused on user benefit
. It’s an incredibly exciting time to be at Google.”
Investors were pleased with the Q4 2012 earnings, which droves shares up 4.9 percent in extended trading. The company closed at $702.87 in NASDAQ trading today.
“In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit,” said Page. “It’s an incredibly exciting time to be at Google.”
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RE: a push into mobile
1/23/2013 9:08:19 AM
"Exactly, and neither do you or anyone. Google won't say how much the wonderful Android adventure is doing financially. "
Soooo.... I get a better phone at a better price and I care how?
Soooo.... Google has a different profit model than "the precious" and you care how?
"My answer would be pretty good actually. Apple makes vast amounts of money on iOS"
As usual, anything that isn't positive for Apple, you dont understand and completely misinterpret everything around it. Yes, of course Apple makes buckets full of cash on IOS... The point of the comment and my point here was about the lawsuits, not Apples profits. Let me spell this out carefully one more time so you are clear.... While Apple has been concentrating on lawsuits because of its falsely perceived notion that everyone is copying it, the competition they are suing has passed them by. The competition has better phones, better UI, better hardware and better prices. Its very much like the horse and buggy company suing Ford for copying their 4 wheel design - as in the design existed prior to the horse and buggy company yet the horse and buggy company seems to think they own it.
Anyhow, how are the lawsuits working out? Well, its a whole lot of effort for zero gain. Apple would be much better served to go back and innovate and come out with better products, not sue companies that make better products. Plain and simple.
"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
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