Google Reports Increased Profit for Q4 2012; Shares Rise Over 4 Percent
January 22, 2013 9:33 PM
comment(s) - last by
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.”
This article is over a month old, voting and posting comments is disabled
RE: a push into mobile
1/23/2013 9:09:06 AM
Ya, i get that... Tony seems to have trouble comprehending, not me.
"This week I got an iPhone. This weekend I got four chargers so I can keep it charged everywhere I go and a land line so I can actually make phone calls." -- Facebook CEO Mark Zuckerberg
Google, FTC Settle Antitrust Spat Without Any Fines
January 3, 2013, 12:57 PM
Google Avoids Paying $1.6 Billion USD In Taxes, UK PM Speaks Out
January 2, 2013, 11:32 AM
Netflix Announces 7-to-1 Stock Split, Eyes Explosive Overseas Growth
June 23, 2015, 8:18 PM
Sources: Hack on Fed. Database Lost 4.1M Social Security Numbers, Personal Info
June 11, 2015, 9:11 PM
The Big One: Chinese Hackers Steal Records of 4 Million U.S. Gov. Employees
June 4, 2015, 8:13 PM
Tutorial: Here's How to Force YouTube or Vimeo VIdeos to Embed as HTML5
June 3, 2015, 10:14 PM
Google Finally Fixes Maps Bug That Was Giving Racist, Profane Results
May 21, 2015, 1:43 PM
The Pirate Bay Loses Its Iconic Swedish Dot SE Domains
May 20, 2015, 6:31 PM
Most Popular Articles
Windows XP, Vista Users Can Get Free Windows 10 Upgrade Thanks to Loophole
June 23, 2015, 2:23 PM
SanDisk's 200GB microSDXC Card Turns Smartphones Into Enviable PMPs
June 26, 2015, 2:02 PM
U.S. Navy Spends $9M USD to Cling to Windows XP, Office 2003
June 24, 2015, 2:03 PM
Under the Hood: Digging Into Sony's New CUH-1200 PS4, 1 TB Ultimate Player Ed.
June 23, 2015, 10:33 AM
Xbox Outsold 108-to-1 By PS4 in Japan, Weekly Sales Fall to 100 Units
June 22, 2015, 1:54 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information