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Google Misses, Q3 2012 Revenue Up 45 Percent To $14.10B, Net Income Down 20 Percent To $2.18B

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http://techcrunch.com – Google’s earnings for Q3 ending on September 30 leaked in a SEC document. Revenues are up 45 percent compared to Q3 2011 and now represents $14.10 billion. However, GAAP net income is down 20 percent year-over-year to $2.18 billion, or $6.53 per share, compared to $2.73 billion for Q3 2011, or $8.33 per share. Non-GAAP earnings per share is at $9.03 compared to $9.72 year-over-year. Google fell short on expectations and the stock took a dive. Due to the leak, trading has been halted. Non-GAAP net income in the second quarter of 2012 was $3.35 billion, compared to $2.85 billion in the sec (IT news)

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Submitted by qq124 on 10/18/2012

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