Google has announced
its fourth quarter earnings. Despite posting a 15 per cent growth in
revenue compared to the same period a year ago, the results failed to
reach Wall Street analyst targets, marking the fifth consecutive quarter
the search giant has fallen short of estimates.
In the fourth quarter, revenue minus traffic acquisition costs was $14.48bn, compared to the $14.61bn analysts were predicting, according to Forbes. Gross revenue was $18.1bn versus estimates of $18.45bn, whilst adjusted earnings per share of $6.88 missed analysts' expectations of $7.11. Google's full year revenue for 2014 was $66bn, up 19 per cent year on year.
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In the fourth quarter, revenue minus traffic acquisition costs was $14.48bn, compared to the $14.61bn analysts were predicting, according to Forbes. Gross revenue was $18.1bn versus estimates of $18.45bn, whilst adjusted earnings per share of $6.88 missed analysts' expectations of $7.11. Google's full year revenue for 2014 was $66bn, up 19 per cent year on year.
Read more at Click here / www.trade4x.net
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