Google earnings refer to the amount of net income, net sales, earnings per share and earnings from continuing operations that Google made during a specified period of time. Earnings are generally reported on a quarterly basis.http://www.investopedia.com/terms/e/earningsreport.asp For the third quarter of 2010, Google reported revenues of $7.29 billion, and earnings per share of $7.64.http://investor.google.com/earnings/2010/Q3_google_earnings.html Google beat the analyst consensus prediction of $6.68 per share.http://tech.fortune.cnn.com/2010/10/14/google-reports-huge-q3-2010-earnings/ Google CEO Eric Schmidt noted growth in newer businesses such as mobile and display.http://investor.google.com/earnings/2010/Q3_google_earnings.html
Reports stated that Google's earnings increased by 23% in the third quarter compared to the third quarter of 2009. GAAP operating income was reported as $2.55 billion and GAAP net income as $2.17 billion.http://investor.google.com/earnings/2010/Q3_google_earnings.html Google's share price rose 9.6 percent in trading the day quarterly numbers were released and ended the trading day at $540.93.http://economictimes.indiatimes.com/news/international-business/Google-Q3-net-income-revenue-soars/articleshow/6753701.cms Patrick Pichette, Google's Chief Financial Officer, noted strong growth in core businesses and very strong growth in emerging businesses such as apps enterprise and mobile as key elements in Q3 numbers during the official earnings call.http://seekingalpha.com/article/230158-google-ceo-discusses-q3-2010-results-earnings-call-transcript?source=marketwatch
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Google Earnings Report
Financial News Online features a segment on Google and the Q3 2010 earnings. The presenter reviews the basic earnings announcement and interviews Clayton F. Moran, Senior Vice President of The Benchmark Company, on his perspective on Google's prospects and results. He presents the multiplier his company applies to Google, his analysis of the various Google business segments and company trends. Moran also offers his perspective on international growth.
Google Earnings History
Google first sold shares to the public in 2004, and its debut on the Nasdaq market was on August 19. The day after initial trading, the New York Times quantified Google's IPO valuation at $27 billion. Google shares were originally priced at $85 and by 2007 rose to over $600 a share.http://dealbook.blogs.nytimes.com/2009/08/19/googles-ipo-5-years-later/ There was a 39 percent increase in revenue from the end of the second quarter of 2007 to the end of the second quarter of 2008, as Google revenue exceeded $5.37 billion.http://blog.searchenginewatch.com/080717-170058
Google reported revenues of $5.70 billion for the fourth quarter of 2008, a modest 3% increase from the third quarter.http://investor.google.com/earnings/2008/Q4_google_earnings.html Revenue decreased in the first quarter of 2009 to $5.51 billion. By August of 2009, Google was estimated to be worth over $140 billion.http://dealbook.blogs.nytimes.com/2009/08/19/googles-ipo-5-years-later/ During the fourth quarter of 2009, revenue jumped 17% from the previous quarter to $6.67 billion.
Upward quarterly growth continued to be seen in Google's earnings throughout 2009, with Q1 ending with reported earnings of $5.16 per share and Q4 ending at $6.79. The first two quarters of 2010 saw a slight decline in earnings per share, with Q1 results equaling $6.76 and Q2 equaling $6.45. For Q3, Google topped analyst expectations with growth to $7.64 per share.http://data.cnbc.com/quotes/goog/tab/5
