Google Tanks on Q4 Miss
Shares of Google (NASDAQ: GOOG) are trading lower in the after-hours following the release of the company's Q4 earnings results. Currently, shares are lower by 9.31%, trading at $580.00; they ended the regular session higher by 1.05%, at $639.57.
Google reported Q4 EPS of $9.50 on revenues of $10.58 billion; the Street was looking for $10.49 per share. Revenues increased 25% year over year.
Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our Network members, decreased approximately 8% over the fourth quarter of 2010 and decreased approximately 8% over the third quarter of 2011.
"Google had a really strong quarter ending a great year. Full year revenue was up 29%, and our quarterly revenue blew past the $10 billion mark for the first time,” said Larry Page, CEO of Google.
“I am super excited about the growth of Android, Gmail, and Google+, which now has 90 million users globally – well over double what I announced just three months ago. By building a meaningful relationship with our users through Google+ we will create amazing experiences across our services. I'm very excited about what we can do in 2012 – there are tremendous opportunities to help users and grow our business.”
Google Inc. is focused on improving the ways people connect with information. The company generates revenue primarily by delivering online advertising
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