Google Misses On Q4 Revenue, EPS
Revenue came in at $18.10 billion, below estimates of $18.46 billion and above the $15.71 billion reported in the prior year period.
Non-GAAP EPS for Q4 was $6.88, below estimates of $7.11 and above the $6.70 reported in the fourth quarter of 2013.
GAAP EPS for Q4 was $6.91 on 688 million diluted shares outstanding, compared to $4.95 in the fourth quarter of 2013 on 682 million diluted shares outstanding.
In the fourth quarter of 2014, traffic acquisition costs totaled $3.62 billion, or 22 percent of advertising revenues.
“Google’s full year revenue for 2014 was $66 billion, up 19 percent year on year,” said Patrick Pichette, CFO of Google, “and this quarter, our revenue was $18.1 billion, despite strong currency headwinds.”
Google Inc. traded at $500.95 in the after market session, down 1.90 percent; GOOGL shares traded at $502.90, down 2.01 percent.
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