Google fourth quarter earnings rise despite Motorola woes
The results announced on Tuesday pleased investors, helping to lift Google’s stock by nearly 5% in extended trading.
More advertising poured into Google during the holiday shopping season, fueling a moneymaking machine that has steadily churned out higher profits since the company went public in 2004.
Google’s fourth-quarter ad revenue totaled $12.1 billion, a 19% increase from the previous year. Some of that money, though, has been shifting away from personal computers as advertisers try to connect with an expanding audience that relies on smartphones and tablet computers to reach Google’s search engine, email and other online services. By some estimates, about one-fourth of Google’s search requests are now coming from mobile devices.
Google earned nearly $2.9 billion, or $8.62 per share, during the fourth quarter. That compared to net income of $2.7 billion, or $8.22 per share, at the same time last year.
It proved to be a difficult quarter to decipher because of an accounting quirk and the additions of new business lines that muddied the comparisons with the previous year.
For instance, Google Inc. didn’t own Motorola Mobility in 2011, having completed its $12.4 billion acquisition of the troubled handset maker eight months ago.
What’s more, Google is bringing in more revenue from tablet computers, which it began selling under the Nexus
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