1/30/2015
LOS ANGELES – Google earned $4.757 billion during the 4th quarter of 2014, 40.9 percent more than during the same period the year before, but missing analysts’ expectations for the fifth consecutive quarter.
After the close of regular trading on the stock market on Thursday, the California-based tech giant announced its quarterly results of $6.91 per share, but analysts had forecast earnings of $7.12 per share and, as a result, the stock initially moved lower in late trading but then rallied and closed down in the post-market by only 1 percent.
During the quarter, Google took in $18.103 billion in revenue, a 15.2 percent gain due primarily to the yearend shopping season.
Google also released its financial results for the 2014 tax year, showing a net increase in profits over 2013 of 11.7 percent and ending the year with $14.444 billion, while its income rose to $66 billion, 18.8 percent more than it took in during the previous year.
Income generated by Google’s Internet business represented 69 percent of its total earnings in the last quarter of 2014. The majority of its earnings – 56 percent – were produced outside the United States.
Without the volatility in exchange rates that is besetting the markets at the present time, Google would have earned $541 million more between October and December, according to the firm’s calculations.
source
LOS ANGELES – Google earned $4.757 billion during the 4th quarter of 2014, 40.9 percent more than during the same period the year before, but missing analysts’ expectations for the fifth consecutive quarter.After the close of regular trading on the stock market on Thursday, the California-based tech giant announced its quarterly results of $6.91 per share, but analysts had forecast earnings of $7.12 per share and, as a result, the stock initially moved lower in late trading but then rallied and closed down in the post-market by only 1 percent.
During the quarter, Google took in $18.103 billion in revenue, a 15.2 percent gain due primarily to the yearend shopping season.
Google also released its financial results for the 2014 tax year, showing a net increase in profits over 2013 of 11.7 percent and ending the year with $14.444 billion, while its income rose to $66 billion, 18.8 percent more than it took in during the previous year.
Income generated by Google’s Internet business represented 69 percent of its total earnings in the last quarter of 2014. The majority of its earnings – 56 percent – were produced outside the United States.
Without the volatility in exchange rates that is besetting the markets at the present time, Google would have earned $541 million more between October and December, according to the firm’s calculations.
source
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