Google Announces $10 Billion Net Earnings In Strong Fourth Quarter

Google Announces $10 Billion Net Earnings In Strong Fourth Quarter
World
Like Us On Facebook
Like Us On Facebook

Google Inc. has reported a strong fourth quarter, boasting $10 billion in net earnings, as lessened expectations from analysts allowed the company to excel.

With its shares up more than 6 percent this morning, the reaction from Google’s excellent fourth quarter is overwhelmingly positive, as the world’s largest internet search engine company introduced a slew of new products during the quarter.

Google also grew its international presence, with many people favoring phones utilizing its Android platform.

Excluding traffic-acquisition costs, the business generated net revenue of $9.83 billion, up from $8.13 billion a year earlier.

Wall Street on average predicted a $9.6 billion quarter for Google.

“Business looked really strong, especially from a profitability perspective. They really grew their margins in the core business,” said Sameet Sinha, an analyst with B. Riley Caris.

“Most of that strength seems to be coming from international markets which grew revenues quite substantially: up 23 percent year over year, versus the 15 percent growth in the third quarter.”

Average cost-per-click, the price advertisers pay per click on an ad, declined 6 percent from a year ago. Despite being the fifth consecutive quarter of decline, it wasn’t as steep of a decline as the Street expected.

“Click prices are still declining, but it’s better than expected,” said BGC Partners analyst Colin Gillis.

Consolidated net income in the fourth quarter was $2.89 billion or $8.62 per share, compared with $2.71 billion, or $8.22 per share, a year ago.

James Gilbert | Elite.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

James Gilbert

World news writer James Gilbert is one of the oldest on the Elite Daily writing staff, as he is a borderline Gen Y member. Being considered the dinosaur of the group, he is constantly asked about historical time periods he did not actually live through. All and all, James Gilbert brings that dynamic and balance to the team, rounding out Elite Daily’s Voltron (or that thing the Power Rangers formed for you young whippersnappers.)

More In World

World Sean Levinson

WTF: People Find 102 Snakes Slithering Around Their House (Photos)

A Canadian family found 102 snakes in its home last weekend when the reptiles attempted to hibernate for the winter. CBC News reports that the Regina, Saskatchewan, family initially came upon just a few of the harmless garter snakes in the basement and then uncovered many more wriggling around in crevasses in the kitchen and […]

World Emily Arata

Ikea Is The Perfect Setting For The Ultimate Haunted House (Video)

In a single-shot homage to the horror movie classic, “The Shining,” IKEA announced its stores in Singapore are open until 11 pm and there will be an IKEA Halloween Spot & Win Context. As a little boy rides his tricycle through a dark and empty store, he sees skeletons, ghosts of parties past and even […]

Also On Elite

Food

This Flaming Hot Cheetos Bagel Looks Insanely Delicious (Photos)

A Buffalo, New York co-op unearthed a flavor-blasted creation known as the Flamin’ Hot Cheetos Bagel. You read that correctly. BreadHive’s Allison Ewing reports that the bagel was inspired by a local 10-year-old spending a few hours in the bakery’s kitchen. She suggested topping a bagel with her favorite snack food. Bakers begin by creating a […]

Women

Runaway Bride: My Choice To Walk Away From Love Led Me To Everything I Was Looking For

When I imagined myself getting married, ironically, I pictured that ending scene in “Runaway Bride” when Julia Roberts walks through the grassy field towards Richard Gere. With her hair blowing effortlessly in the wind; the fall foliage is vibrant against her ivory gown, and her off-the-shoulder dress trails behind her. She finally strides up to […]

Music

Combine Shakira, Mario Bros. And JLo And You Get Musical Perfection (Video)

Who knew that if you put Super Mario, Jennifer Lopez’s new song “Booty” and Shakira’s “She Wolf” in a blender, you’d get pure ear candy? We didn’t! Until now, of course. In a recent video uploaded to YouTube by Kawehi, the Lawrence, Kansas-based musician covers a variety of tracks in a single song to create […]

Life

I Am The Girl Who Married Myself And I Have A Pretty Good Reason Why

“Jessica, you may be addicted to love,” said my therapist on a gloomy San Francisco afternoon, interrupting my sobbing over another heartbreak. “Wait, you mean with that Florence and The Machine song?” I laughed nervously, staring at the knockoff Persian carpet, looking to escape in its dense garden. My therapist gently assured me: You are seeking the […]

World

Intense Sorority Email Tells Members They Are Not Allowed To Be Seen With Any Boys

When Greek-system stories circulate the Internet, they’re usually tales of sorority hazing or fraternity party disasters. But a student from the University of California, Davis, sent Total Sorority Move (TSM) an email supposedly written by a Greek administrator and sent to recruiters across the entire Greek system. The letter informs sorority members that they are not allowed […]