Google beats expectations, posts $10.74 EPS on revenue of $14.9 billion in Q3
Google on Thursday slightly beat Wall Street expectations by reporting third-quarter earnings per share of $10.74 on revenue of $14.9 billion, thus besting the consensus forecast of $10.34 EPS on revenue of $14.8 billion. The $14.9 billion in revenue represented a 12 percent year-over-year increase from the revenue the company posted in the third quarter of 2012. One of the few negatives for Google on the quarter was that its cost-per-click — a key metric used to determine how much money Google can charge for advertisements — deceased by 8 percent year-over-year in Q3 2013. The company also posted some bad news from its Motorola Mobility segment, which saw its revenues decline from $1.78 billion in Q3 2012 to just $1.18 billion in Q2 2013. Google shares rose by more than 6 percent in after-hours trading immediately following the earnings report.