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Google’s Q4 net revenue totals $8.13 billion, Wall Street disappointed


Google just released its fourth-quarter 2011 results, and man, Wall Street is not pleased. The company reported earnings of $9.50 per share and revenue of $8.13 billion — less than the $10.49 per share and $8.40 billion financial analysts were expecting. Of course, the company spun its results the best it could, emphasizing that it exceeded $10 billion in quarterly revenue for the first time (it hit $10.58 billion, to be exact). Still, that figure doesn’t reflect the myriad costs associated with growing its web traffic. Needless to say, investors aren’t impressed — as of this writing, the company’s stock was down almost nine percent in after-hours trading.

One thing you won’t see reflected in those raw numbers: Android’s still on quite the tear. In a conference call with investors, the company said there are now 250 million Android devices, up 50 million from the last quarter. Some more tidbits: 3.7 million Android devices were activated over the holidays, and more than 11 billion items have been downloaded from Android Market.

Developing…

Continue reading Google’s Q4 net revenue totals $8.13 billion, Wall Street disappointed

Google’s Q4 net revenue totals $8.13 billion, Wall Street disappointed originally appeared on Engadget on Thu, 19 Jan 2012 16:35:00 EDT. Please see our terms for use of feeds.

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via Николай Русанов, Twitter Nikolay Rusanov, Tumblr Nikolay Rusanov

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