January 30, 2014 4:24pm
The share price is climbing higher today as Google reports positive Q4 earnings results a day after it announced a sale of Motorola to Lenovo.
The company posted consolidated revenue of $16.86 billion, with GAAP earnings of $9.90 per share, $3.38 billion in net profit. The increases were around 20% from a year earlier, as ad revenues were up across the board. Much of the advertising boost can be attributed to stronger mobile and YouTube ad clicks.
As for Motorola Mobility, the handset manufacturer continued to lose money for Google, totalling $384 million in operating loss on revenue of $1.24 billion. Motorola earned $1.51 billion in revenue and had an operating loss of $353 million in the same period a year ago.