MOUNTAIN VIEW, Calif. — Google Inc. reported a six percent gain in fourth-quarter earnings on Thursday afternoon, missing Wall Street’s expectations.
For the period ended Dec. 31, Google reported net income of $2.71 billion, or $8.22 per share, compared to net income of $2.54 billion, or $7.81 per share, for the same period the previous year.
On an adjusted basis, the company said it would have earned $3.13 billion, or $9.50 per share, for the recent period.
Net revenue, excluding traffic acquisition costs, came in at $8.13 billion. Analysts were expecting earnings of $10.51 per share on net revenue of $8.43 billion, according to consensus estimates from FactSet Research.
To read more, go to MarketWatch.com.
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