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Google’s Q2 Earnings Looking Good, Matching Expectations and Bringing in $14.11 Billion in Revenue

July 18, 2013 - Written By Alexander Maxham

It’s that time of year. Time for all the quarterly earnings from every company on earth. Earlier we saw Verizon’s earnings for Q2, which were pretty much the same as usual. Now it’s Google’s turn. The conference call is going on right now as I write this, so we’ll be updating it as more information is available.

Google’s stock hit an all-time high earlier this week, and now they have announced that they’ve brought in $14.11 Billion in revenue in the quarter with an earnings per share of $9.54. Analysts had predicted that Google would have revenues of north of $14 billion, which put them right on target. Analysts also believed they’d hit EPS between $10.04 and $10.8, which was a little lower than predicted.

In Q1 2013, Google saw revenues of $10.65 billion and a profits of $2.89 billion. As for a year ago, Google’s revenues were at $12.21 billion with an EPS of $8.42, so that tells us Google has seen growth year-over-year.

We’re still waiting on Motorola’s numbers, but we don’t expect too much change over last quarter’s loss. We’ll be reporting on their Q2 numbers as well, as soon as they are available. Hopefully Dennis Woodside will announce the Moto X. But I kind of doubt that.

Many are wondering if Google will hit it’s $1,000 share price. Right now the company is down at about 914.08 and even in after hours trading Google is still down. But we’ll keep an eye on it.

How many of you are surprised by these numbers Google is putting up for Q2? Honestly, I thought it should have been higher. But then you think about it, they didn’t really release anything new except for the new Google Play Edition phones. Of course, Android isn’t their only source of income either. Let us know your thoughts in the comments down below.