Google’s Q4 2013 financials posted, reaches revenue but misses earnings

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Google’s earnings were reported today and the company has both missed and met the expectations of Wall Street. The company was expected to post revenues of $16.75 billion for the fourth quarter of 2013, with earnings of $12.26 per share.

The search giant met the first expectation with a revenue of $16.86 billion being reported for the period but they missed their profits estimate, posting earnings of only $10.47 per share. This doesn’t appear to have done any damage to the company as reports are saying that Google’s shares were up in after-hours gradings.

Google saw $10.55 billion in revenues from its websites, like Google Search, YouTube and Gmail, while a further $3.52 billion came from their AdSense arm. The Google Play store and associated hardware generated $1.65 billion over the period, an improvement of 99% compared to last year according to tech website Ars Technica.

Motorola, on the other hand, cost the company $385 million over Q4 2013. That might be at least part of the reason why Google is selling the mobile phone maker to Lenovo.

Source: Ars Technica

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