Liz Gannes

Recent Posts by Liz Gannes

Google Has a Decent Q3, and Wall Street Is Okay With That

Google had net revenue of $11.92 billion in the third quarter and earnings per share of $10.74, it said today.

Though estimates varied this quarter, analysts expected net revenue of $11.9 billion and earnings per share of $10.35.


In after-hours trading immediately following the release, Google shares are up 5 percent to $933.

Last quarter, Google had net revenue of $11.1 billion and earnings of $9.56 per share, which was below what analysts had expected. The numbers for the same period a year ago were $11.33 billion and $9.03 per share.

As for broad strokes on the nitty gritty details, paid clicks were up, cost per click was down and traffic acquisition was up, though not as an overall percentage of advertising revenue.

Motorola Mobile accounted for $1.18 billion in revenue, which was down from $1.78 billion in the third quarter of 2012.

Next up: The company talks to analysts about its quarter.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work