Google released a quarterly earnings report Thursday that beat estimates and also showed the company may be coming to grips with the problem of monetizing its mobile platform. The tech giant reported net income of $3.35 billion, or $9.94 per share during the first three months of the year, a 16 percent jump from the same time a year ago. Google’s first-quarter revenue was $13.97 billion, a 31 percent increase from a year earlier. Investors didn’t send the stock price soaring immediately following the earnings report.
Loading ...
Mobile Ads Show Life in Google Q1 Earnings
Posted by: Rachelle Dragani April 19, 2013 02:40 PMGoogle released a quarterly earnings report Thursday that beat estimates and also showed the company may be coming to grips with the problem of monetizing its mobile platform. The tech giant reported net income of $3.35 billion, or $9.94 per share during the first three months of the year, a 16 percent jump from the same time a year ago. Google’s first-quarter revenue was $13.97 billion, a 31 percent increase from a year earlier. Investors didn’t send the stock price soaring immediately following the earnings report.