Google's Q1 2013 earnings beat profit estimates, but Motorola still losing money

Google reported revenues of $13.97 billion, which is actually pretty impressive given that in the holiday Q4 of 2012, Google's revenue was only a bit higher at $14.4 billion. However, despite the dip in revenue, Google reported a profit of $3.90 billion and earnings of $11.58 per share, which is an increase from the $2.89 billion profit it reported last quarter. 

The Motorola division is still a trouble spot for Google. Because the division hasn't been releasing any real hardware, its revenue fell off from $1.51 billion to $1.02 billion as compared to last quarter. That amounts to losses of $271 million this quarter, which is proportionally similar to the losses the division saw last quarter, but still not a good trend. The X Phone needs to come soon for Motorola to turn things around. 

source: Google