18 Oct '12, 5pm

Google Q3 Earnings Leak: $14.1 Billion, Disappoint Surprised Investors

Google’s Q3 “consolidated earnings” leaked early and are below analysts’ expectations. Search clicks were up 33 percent vs. a year go but CPCs were down 15 percent, probably a result of the impact of lower mobile CPCs. Traffic acquisition costs were also up, as were other expenses. Investors were surprised by the early release and generally disappointed. The press release, which appeared on the SEC website, says “pending Larry quote.” So the early release was a draft and not final. Clearly this was a mistake. Earnings were supposed to come out after the market closed today. Nonetheless the proverbial cat is out of the bag. Total Google consolidated revenues (including Motorola) were $14.1 billion, which represents a 45 percent increase vs. last year. Indeed, this was the first quarter in which Google reported Motorola revenues. Google reported that Motorola brought in $2.5...

Full article: http://searchengineland.com/google-q3-earnings-leak-14-1-...

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