Wireless News
07-18-2013, 04:20 PM
Google on Thursday reported earnings of $9.56 per share on revenues of $14.11 billion, thus missing Wall Street’s second-quarter EPS consensus of $10.78 on $14.4 billion in sales. One reason for Google’s disappointing earnings was its operating expenses, which increase to 35% of its revenues on the quarter from 33% of its revenues in Q2 2012. Although Google’s overall earnings and revenues missed the Street’s consensus, there was an unexpected bright spot for the company from its Motorola Mobility division, which posted revenues of $998 million on the quarter, up from $843 million in revenues it posted in Q2 2012. In response to the worse-than-expected earnings, Google’s shares sank by nearly 5% in after-hours trading. Developing…
More... (http://news.yahoo.com/google-posts-big-miss-q2-eps-9-56-200355017.html)
More... (http://news.yahoo.com/google-posts-big-miss-q2-eps-9-56-200355017.html)