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


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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