Expenses, Motorola Losses Eat Into Google’s $14.10 Billion Q3 Revenue

Expenses, Motorola Losses Eat Into Google’s $14.10 Billion Q3 Revenue -

Expenses, Motorola Losses Eat Into Google’s $14.10 Billion Q3 Revenue

Google revenues topped $10 billion for the fourth quarter in a row, up substantially from the $12.2 billion reported in Q2 2012 . The reported Q3 2012 $14.10 billion in revenue is another new record and reflects a 45 percent increase over the same quarter last year. However, profit excluding some items was $9.03 a share, not reaching analysts expectations. They had predicted, on average, an estimated profit of $10.65 a share on sales of $11.8 billion. Some, like Business Insider’s Henry Blodget, blame Motorola for the losses. “The news may not be quite as bad as some investors initially feared. Although Google's core business modestly missed expectations, it was Motorola that was the bigger problem,” he wrote. Blodget later continued, “You would have to be pie-eyed to think that Google could acquire a massive dying business it knew nothing about and fix it in a couple of q...

Full article: http://searchenginewatch.com/article/2218398/Expenses-Mot...

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