Google (GOOG) on Tuesday reported a 2012 fourth-quarter profit of $10.65 per share on $14.42 billion in consolidated revenue. Analysts were expecting EPS to come in at $10.54 on $12.27 billion in sales, so these earnings figures represent a solid quarter for Google to close out 2012.
“We ended 2012 with a strong quarter,” said Google CEO Larry Page, CEO. “Revenues were up 36% year-on-year, and 8% quarter-on-quarter. And we hit $50 billion in revenues for the first time last year — not a bad achievement in just a decade and a half. In today’s multi-screen world we face tremendous opportunities as a technology company focused on user benefit.”
Google shares jumped by more than 3% in after hours trading following its earnings report.