Google (GOOG) reported fourth-quarter earnings after the close, beating analysts’ expectations by a nice margin. However, the stock was off by 5% in after-hours trading as Q4 sales figures didn’t blow anybody away.
EPS came in at $6.79 a share, beating the consensus forecast of $6.50 a share. Revenues rose 17 percent to $6.7 billion.
Two thirds of Google’s revenue from its own sites, with 31 percent coming from AdSense revenues across its advertising network. And good news for bloggers: AdSense revenues grew 21% – much faster than the company’s overall rate.
Other highlights from the conference call:
- finance not as strong as other verticals
- CEO Eric Schmidt – “next huge business is display”
- nothing new on China
- advertisng on YouTube home page was sold out in Q4
- relationship with Apple (AAPL) is very stable
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