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Google Q4 Earnings Beat Analyst Expectations

By DAVID LIEBERMAN, Executive Editor | Tuesday January 22, 2013 @ 1:10pm PSTTags: Google, Google Earnings

UPDATE: 2:58 PM: Google will “look at the possibility of expanding” the company’s Google Fiber super high-speed broadband initiative in Kansas City, CFO Patrick Pichette told analysts in a conference call. “We are really excited about this product, and it’s been a success overall. It’s not a hobby.” But before offering the broadband, video and voice service in additional cities “we have to really nail Kansas City,” he says. Google Fiber offers users two-way Internet speeds of about 1 gigabit per second. That’s far faster than cable services, which typically provide about 6 megabits per second downloads and much slower upload speeds.  

PREVIOUS, 1:10 PM: Shares are up 3.6% in after hours trading following disclosure of the solid results. Not including Motorola Home, which Google recently agreed to sell, the search giant generated Q4 net income of $2.89B, up 6.7% vs the same period last year, on revenues of $14.42B, +36.2%. Analysts expected revenues of $12.36B. Not including one-time events, earnings came in at $10.65 a share, beating the consensus forecast for $10.52. Ad sales at company-owned sites increased 18% to $8.64B while sales are partner sites was up 19% to $3.44B. The number of paid clicks was +24% from a year ago, but the average cost per click declined 6%. “In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit,” CEO Larry Page says. Execs typically hold their most interesting insights for their quarterly conference call with analysts, which will begin shortly.

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Google Tops Q2 Forecasts As Advertising Paid Clicks Soar

By DAVID LIEBERMAN, Executive Editor | Thursday July 19, 2012 @ 1:22pm PDTTags: Google Earnings

Google shares are up about 3% in after-market trading following the release of the Q2 earnings — which are complicated by the May 22 acquisition of Motorola Mobility. With that included, Google reports net income of nearly $2.8B, up … Read More »

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Google +6% In After-Hours Trading Following Report Of Record 3Q Revenues

By DAVID LIEBERMAN, Executive Editor | Thursday October 13, 2011 @ 1:50pm PDTTags: Android, Google, Google Earnings

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. … Read More »

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Google Up 11.5% In After-Hours Trading On Strong 2Q Earnings

By DAVID LIEBERMAN, Executive Editor | Thursday July 14, 2011 @ 1:30pm PDTTags: Google, Google Earnings, Larry Page, Larry Page Google

The leading Internet search company says its 2Q net income of $2.5 billion is up 36.1% vs the same period last year on revenues of $9 billion, up 32%. Earnings, at $8.74 a share not counting employee stock costs, handily beat analyst expectations of $7.84. Most of the growth came … Read More »

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