TweakTown
Tech content trusted by users in North America and around the world
6,012 Reviews & Articles | 38,778 News Posts
TRENDING NOW: Windows 9 logo teased, with Microsoft's next OS 'coming soon'

Google releases Q2 2013 earnings report, misses analyst expectations

Google falls short of analyst expectations in Q2 financials

| Business, Financial & Legal News | Posted: Jul 18, 2013 11:02 pm

This afternoon, Google released its earnings report for the second quarter of 2013. The company reported a total revenue of $14.11 billion, $3.23 billion of which accounted for net income. Unfortunately, these numbers equate to earnings of $9.56 per share which misses Wall Street's expectations by about $1. During the same quarter in 2012, Google managed to bring in a total revenue of $12.21 billion of which $2.79 billion was income. So year-over-year, Google has managed to grow 19 percent which is nothing to scoff at.

 

TweakTown image news/3/1/31793_1_google_releases_q2_2013_earnings_report_misses_analyst_expectations.jpg

 

Wall Street analysts did have high hopes for Google this quarter with the industry leader Morgan Stanley predicting revenues would be up 20 percent higher than they were a year ago. They had expected YouTube to perform much better as it had begin upping payments to partners by 60 percent which everyone thought indicated higher revenue growth than expected. I feel that the third quarter or the fourth quarter will be Google's best for 2013. With the Moto X releasing soon as well as a new Nexus 7 and Google Glass set to hit the market, big things should be on the way for the search giant.

NEWS SOURCESTheverge.com, Youtube.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts
Check out TweakTown Polls on LockerDome on LockerDome

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases