Friday, October 19, 2012

Google has its 1st $14B quarter but net revenue decreases

Google's Q3 final results came out earlier than planned and considering that they didn’t meet Wall Street's expectations, the company's shares dipped and trading of the stock had to be suspended temporarily. Google's shares ended the day eight% down.
Whilst not what analysts expected, Google's third quarter wasn’t that undesirable. The search giant had its first $ 14 billion revenue quarter (a 45% increase year over year), helped by revenue from Motorola.
Net income was $ 2.18 billion,

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