Latest in 2012

Image credit:

Google's Q3 2012 earnings: $14.10 billion in revenue, $2.74 billion in operating income

Darren Murph
10.18.12
Share
Tweet
Share
Save

Sponsored Links

In an apparent error, Google's Q3 2012 earnings have gone live smack dab in the middle of the trading day, instead of after the closing bell as expected. Early indications are that the search giant has notched third quarter revenues of $14.10 billion, representing a 45 percent uptick compared to Q3 2011. GAAP operating income in the third quarter of 2012 was $2.74 billion, or 19 percent of revenues, and that would explain the near 10 percent slide in the company's stock price. A year ago Google nailed down $3.06 billion, or 31 percent of revenues, when looking at operating profit; investors were expecting some $10.65 per share, while they got just $9.03 per share. When looking at net income, Q3 2012 saw that figure at $2.18 billion, whereas the company raked in $2.73 billion in the same quarter a year ago. Presently, trading has been halted on the company's stock as the dust settles, but one thing is exceptionally clear: pulling in billions in a single quarter won't go over well with Wall Street if its expectations see you pulling in even more.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
Amazon rolls out a cash payment option for online orders in the US

Amazon rolls out a cash payment option for online orders in the US

View
Apple will use recycled rare earth metals in the iPhone's Taptic Engine

Apple will use recycled rare earth metals in the iPhone's Taptic Engine

View
Xfinity internet-only customers now get the Flex streaming platform for free

Xfinity internet-only customers now get the Flex streaming platform for free

View
YouTube is bringing a big, ugly ad banner to its TV app's home screen

YouTube is bringing a big, ugly ad banner to its TV app's home screen

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr