Google Demolishes Financial Expectations To Close 2013
Google trounced financial analyst expectations in the fourth quarter of 2013 as revenues rose to $16.86 billion. This was 17 percent higher than the fourth quarter in 2012. The company’s operating income, on earnings excluding one-time items, rose to $4.84 billion from $4.27 billion a year earlier. This is the second consecutive year that Google crossed $50 billion in revenue, reaching $57 billion. Shares of Google closed up nearly 2.57 percent during regular trading to finish at $1,135.39.
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