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Google misses Q2 2013 quarterly earnings, but revenue is up

Posted: , by Michael H.

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Google misses Q2 2013 quarterly earnings, but revenue is up
Wall Street expected more from Google, and in a rare turn, Google didn't meet those expectations. Wall Street was expecting Google to post Q2 2013 earnings of $10.80 per share on net revenue of $11.4 billion, but Google came in low with earnings of $9.56 per share on net revenue of $11.1 billion in the second quarter.

Investors weren't too worried about the numbers though, and Google stock fell just 1% to about $910 per share in after-hours trading. This may have been because consolidated revenue was up 19% year-over-year for Google at $14.11 billion. Of that number, $13.11 billion was from Google products and services and $998 million from Motorola. That is a bit of a dip in Motorola revenue from the past couple quarters, but considering Motorola hasn't released any new products, that was to be expected. 

Motorola also saw a pretty big drop in its staff this quarter, which could be helping its overall profitability. As of March 31st, Motorola employed 15,152 people, but that number was down sharply by June 30th, at which point there were only 4,599 employees left. 

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posted on 18 Jul 2013, 16:52 6

1. _Bone_ (Posts: 2155; Member since: 29 Oct 2012)

Wait for the next 2 quarters, Motorola X, Nexus 5 G2, new Nexus 7, probably 10, Google Editions, Google Glass, expanding mobile market, tablet market, Chromebook market, HW sell, music services in more countries, Waze data to Navigation and... Key Lime Pie!

posted on 18 Jul 2013, 18:18 2

2. TheLolGuy (Posts: 483; Member since: 05 Mar 2013)

Damn, 10k people at Motorola were axed? That's more than restructuring. That's bulldozing and rebuilding!

posted on 18 Jul 2013, 21:20

3. apple4never (Posts: 1064; Member since: 08 May 2013)

thats what i thought, shoot how do you get rid of 10K ppl like that, either they all quit for some reason or they got fired

posted on 18 Jul 2013, 22:19

4. networkdood (Posts: 6330; Member since: 31 Mar 2010)

Well, they are not selling phones as much, and Google did give them great severance packages. But, it is sad that Moto is almost gone. Blackberry is on the way out, and I just hope that HTC can make it.

posted on 18 Jul 2013, 22:41

5. ratul29 (Posts: 1; Member since: 18 Jul 2013)

5,170 of them are Motorola Home employees, which was sold-off by Google earlier this year.

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