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.

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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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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