AfterDawn: Tech news

Google surprisingly misses earnings estimates

Written by Andre Yoskowitz @ 18 Jul 2013 10:06

Google surprisingly misses earnings estimates Although the company delivered very strong earnings, Google missed analyst estimates by a large margin, and the company's stock is currently down over 4 percent as a result.
For the Q2 2013, Google reported revenue of $14.1 billion and net income of $3.23 billion. Analysts had been expecting $3.6 billion in profits and $14.6 billion in sales.

Despite missing estimates, revenue was up 19 percent year-over-year, extremely strong growth for a company worth over $300 billion.

Looking into the numbers, total ad revenue jumped 15 percent and paid clicks were up 23 percent year-over-year.

Google's hardware division, which includes Motorola Mobility, accounted for a measly $998 million in revenue. That figure is expected to grow with this year's launch of the Moto X.

Previous Next  
Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive