Thursday, 16 October 2014

Google reports $16.52 billion in revenue, profits stutter as ads move to mobile




Google posted mixed results for its third quarter this year. Revenue was $16.52 billion, not excluding traffic acquisition costs, a 20 percent rise over the same period in 2013. But its profit of $3.72 billion was down slightly from the same period in 2013, when it reported $3.76 billion in profit. Analysts were expecting the company to generate earnings per share of $6.53, but Google reported an EPS of $6.35. The stock was down a little, about 3 percent, based largely on that miss.
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