Google Reports Increased Profit for Q4 2012; Shares Rise Over 4 Percent
January 22, 2013 9:33 PM
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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