Google Inc. (NASDAQ:GOOG) has beat Wall Street estimates for its fiscal third quarter earnings in 2013, reporting a 34 percent gain of $2.97 billion on Thursday, or $10.74 per share, compared with $2.18 billion, or $9.03 a share for the year-earlier period, as sales from Motorola Mobility topped more than $3 billion.
Revenue climbed to $14.92 billion from $11.33 billion in the third quarter of last year. Analysts polled by Thomson Reuters expected revenue to climb to $14.82 billion, but only expected earnings of $10.35 per share. Google’s ad network, the tech giant’s primary source of revenue, saw a 26 percent increase in paid clocks, which offset an 8 percent decrease in the cost-per-click for Q3 2013.
Google Inc. (GOOG) Q3 2013 Earnings Report Beats Wall Street Estimates
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