The search giant generated $2.73 billion in net income, up 25.8% vs the same period last year, on revenues of $9.72B, up 33%. Not including some one-time expenses, earnings came in at $9.72 a share, handily beating Wall Street’s estimate of $8.74. The sites that Google owns accounted for 69% of its revenue. CEO Larry Page says that Google+ is thriving with 40M users. He added that he’s “super excited about the soon-to-be-released new version of Android called Ice Cream Sandwich” which will make it possible for Android apps to work both on smartphones and tablets. Meanwhile, CFO Patrick Pichette said that with the general economy, “what we’re seeing is not terribly surprising or different from what you’re all seeing watching on TV and reading in the press … and that’s why we will as always stay focused on what we control.”
By DAVID LIEBERMAN, Financial Editor | Thursday October 13, 2011 @ 4:50pm EDTTags: Android, Google, Google Earnings
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This article was printed from http://www.deadline.com/2011/10/google-6-in-after-hours-trading-following-report-of-record-3q-revenues/
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