Google Inc (GOOG) beats Wall Street estimates for Q4 2013
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Google Inc (NASDAQ:GOOG) has reported their Q4 2013 results. Google reported earnings per share of $12.01 on revenues of $16.86 billion, which is up 17% from the same time last year. Wall Street analysts were expecting earnings per share of $12.26 on revenues of $16.75 billion. Google’s stock is up 2.57% ($28.47) and is now trading at $1,135.39 per share. Google’s net revenue hit $13.55 billion. Google’s traffic acquisition costs were $3.31 billion for Q4 2013, which is up from $3.08 billion in 2012. The percentage was around the same based on advertising revenues.