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Google's 4Q earnings rise 7 pct to top Street view


February 20. 2013 3:10AM
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(AP) Google says its fourth-quarter earnings rose 7 percent as online advertisers spent more money in pursuit of holiday shoppers.


The results announced Tuesday were slightly above analyst estimates.


It wasn't an apples-to-apples comparison because the most recent quarter included Motorola Mobility, which Google Inc. didn't own in the previous year.


Things were further complicated by Google's recent agreement to sell a part of its Motorola Mobility division that makes cable TV boxes. That division is now accounted for as a discontinued operation.


Google earned nearly $2.9 billion, or $8.62 cents per share during the final three months of last year. That compared to net income of $2.7 billion, or $8.22 per share, at the same time last year.


Revenue surged 36 percent from the previous year to $14.4 billion.


Associated Press


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