Google 4Q earnings rise despite Motorola woes as profit powers stock 5%

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Google's fourth-quarter ad revenue totaled $12.1 billion, a 19 percent increase. (Reuters) Google's fourth-quarter ad revenue totaled $12.1 billion, a 19 percent increase. (Reuters)
SummaryGoogle's fourth-quarter ad revenue totaled $12.1 billion, a 19 per cent increase.

stock market closes Wednesday.

Although he didn't provide an update on how many Android devices were activated in the latest quarter, Google CEO Larry Page repeatedly emphasized his belief that his company is bound to benefit as the mobile market expands and technology comes up with new ways for advertisers to reach potential customers at the times they are most likely to buy something.

“I am excited about the business and today's multi-screen world,'' Page told analysts during a Tuesday conference call. "The opportunities are endless.''

Google would be doing even better if not for problems at Motorola Mobility, a cellphone pioneer that has been struggling since Apple revolutionized the industry with the release of the iPhone in 2007.

Motorola Mobility suffered an operating loss of $353 million on revenue of $1.5 billion in the fourth quarter.

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