Google's 4Q earnings rise 7 pct to top Street view

Google's 4Q earnings rise 7 pct to top Street view

Google's 4Q earnings rise 7 pct to top Street view

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by Associated Press

WCNC.com

Posted on January 22, 2013 at 5:26 PM

SAN FRANCISCO (AP) -- Google says its fourth-quarter earnings rose 7 percent as online advertisers spent more money in pursuit of holiday shoppers. 

The results announced Tuesday were slightly above analyst estimates. 

It wasn't an apples-to-apples comparison because the most recent quarter included Motorola Mobility, which Google Inc. didn't own in the previous year. 

Things were further complicated by Google's recent agreement to sell a part of its Motorola Mobility division that makes cable TV boxes. That division is now accounted for as a discontinued operation. 

Google earned nearly $2.9 billion, or $8.62 cents per share during the final three months of last year. That compared to net income of $2.7 billion, or $8.22 per share, at the same time last year. 

Revenue surged 36 percent from the previous year to $14.4 billion.
 

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