Google's Q4 earings

CNC report from San Francisco
Added On January 23, 2013

Google has reported strong earnings in the fourth quarter of 2012 -- topping estimates by Wall Street analysts.

Excluding payments made to its advertising partners, Google's revenue was 11.34 billion U.S. dollars, up from 8.13 billion dollars in the quarter a year ago.

Earnings per share excluding items were 10.65 U.S. dollars in the quarter.

Analysts polled by Thomson Reuters had expected Google to report fourth-quarter earnings of 10.47 dollars per share on revenue of 12.3 billion dollars.

Google' s CEO Larry Page said in a statement that the company ended 2012 with a strong quarter.

The company notes the sales figure didn't include revenue from Motorola Home, the set-top box business the company bought as part of its acquisition of Motorola Mobility.

Google's latest performance in advertising business is being closely watched by analysts as the company continues to expand in the mobile market.

It is facing challenges to get more revenue from ads on mobile devices, for which advertisers have not been willing to pay as much as those displayed on personal computers.

In the fourth quarter of 2012, the average price advertisers paid when an ad was clicked on Google sites dropped 6 percent year-on-year.