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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Google Internet Business Revenue Jumps 23% 0 comments
    Oct 18, 2013 10:50 AM | about stocks: GOOG

    Originally published at www.seclive.com

    Filing in Focus: Google 8-K, October 17, 2013

    Google Inc. (NASDAQ:GOOG) announced its financial results for the third quarter of fiscal year 2013, reporting internet business revenue increases of 23%. The world's number one internet search engine continued its upward trend, with a 26% increase in total paid clicks from marketers while the average cost-per-click decreased 8%. Analysts tactfully commented that Google ad volume growth has been outpacing the cost-per-click decline, which is enabling continued success. Google's $14.89B revenues beat out analyst estimates of $14.79B while its earnings improved from $2.18B and $6.53 per share a year ago this quarter to $2.97B and $8.75 per share. CEO Larry Page also announced that he will no longer be regularly attending the company's quarterly earnings calls, without providing much explanation.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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