Peter Kafka

Recent Posts by Peter Kafka

Google Earnings Are Strong; Revenue Is Okay

First look at Google earnings: Net revenue of $11 billion and earnings of $11.58 per share.

The street was looking for $11.2 billion and $10.68. Shares are trading up, but just barely. (Correction: An earlier version of this story had shares pointing the other direction.)

The “real” Google numbers — Google’s ad business, net of Motorola — were $12.95 billion minus traffic acquisition costs of $2.96 billion, or $9.99 billion. Revenue was up 22 percent compared to a year ago; TAC was up 18 percent.

The earnings call starts at 4:30 pm ET, and Google is streaming it via YouTube (of course). You can follow along right here:


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik