Google's Q3 results were above analyst expectations
Google's last quarter was a solid one, as its revenue and earnings were above analyst expectations. However, ironically, that's to be expected, considering the strong run the company has had lately.Over the past three months, Google made $14.89 billion (€10.90 billion), a 12 percent increase over the same period in 2012. Operating income was $3.44 billion (€2.52 billion), 23 percent of consolidated revenues. Meanwhile, net income was $2.97 billion (€2.17 billion), up from $2.18 billion (€1.6 billion) in 2012.
“Google had another strong quarter with $14.9 billion in revenue and great product progress,” Larry Page, Google CEO, who was obviously happy with the results, said. “We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device.”
The market was quite pleased with the results, it seems, as Google shares shot up eight percent in after-hours trading. The search giant is now trading at record share prices and investors seem to be happy with how things are going, even if the company wants to invest even more in “moonshot” projects.