/// Google Earnings Are Strong, Revenue Is OK
First look at Google earnings : Net revenue of $11 billion and earnings of $11.58 per share. The street was looking for $11.2 billion and $10.68. Share are trading down 2 percent. The “real” Google numbers — Google’s ad business, net of Motorola — were $12.95 billion minus traffic acquisition costs of $2.96 billion, or $9.99 billion. Revenues were up 22 percent; TAC was up 18 percent.
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Google Earnings Are Strong, Revenue Is OK