Google reported higher earnings in the fourth quarter, beating analyst expectations, thanks to advertisers unleashed during the Christmas season. However, it is the revenues, albeit in double-digit growth, that have not met the market estimates. In detail, the largest online search engine has registered Last three months of last year earnings of $2,89 billion, up 6,7% compared to 2,71 billion in the same period last year.
After exceptional expenses, earnings per share came in at $10,65, better than the $10,55 analysts had expected. In terms of revenue, Google saw a 36% year-on-year increase to $11,34 billion, less than the market's expected $12,32 billion. Google shares ended yesterday's session on the Nasdaq down 0,23% at $702,87 but recovered in the after-hours with a 5% jump.
