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Google Up Slightly After Q4 Miss

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Google Up Slightly After Q4 Miss
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Google (NASDAQ: GOOG) is up less than one percent after the company announced its fourth quarter results.

The search engine giant reported a Q4 EPS of $12.01 versus the Street estimate of $12.24.

Earnings per share were up 13 percent from the year-ago period.

Revenue came in at $13.6 billion versus the Street estimate of $16.72 billion. Sales were up 12 percent year-over-year.

"We ended 2013 with another great quarter of momentum and growth," Google CEO Larry Page said in a company release. "We made great progress across a wide range of product improvements and business goals. I'm also very excited about improving people's lives even more with continued hard work on our user experiences."

Google performed much better during the third quarter when it beat Wall Street's EPS estimates. Company shares jumped five percent on that news.

Today is a bit less eventful for Google, which has received mixed reactions from investors after announcing that it sold Motorola Mobility to Lenovo for $2.91 billion.

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.

Posted-In: Google larry page LenovoEarnings News Tech

 

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