Google's fourth quarter consolidated revenue tops Wall Street target
Published 30/01/2014 | 21:36
Shares of Google, the world's No.1 Internet search engine, were essentially flat at $1136.94 in after hours trading on Thursday.
Google's consolidated revenue, which includes the money-losing Motorola smartphone business, rose to $16.86bn from $14.42bn in the fourth quarter of 2012. Analysts polled by Thomson Reuters I/B/E/S were looking for $16.75bn.
Paid clicks on Google's online ads jumped 31pc year-on-year, but the average cost per click that marketers paid Google declined 11pc.
Revenue in Google's core Internet business totaled $15.7bn in the last three months of the year, up 22pc from the $12.91bn in the year-ago period.
Google's consolidated net income was $3.38bn, or $9.90 per share, compared to $2.89bn, or $8.62 per share, in the year-ago period. Excluding certain items, Google said it earned $12.01 per share.