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Google quarterly earnings beat estimates


09:48, January 23, 2013

SAN FRANCISCO, Jan. 22 (Xinhua) -- Google on Tuesday reported strong earnings in the fourth quarter of 2012 which topped estimates by Wall Street analysts though its revenue was lower than expected.

Earnings per share excluding items were 10.65 U.S. dollars in the quarter, compared to 9.5 dollars in the same period a year earlier.

Excluding payment made to its advertising partners, Google's revenue was 11.34 billion dollars, up from 8.13 billion dollars in the quarter a year ago.

Analysts polled by Thomson Reuters had expected Google to report fourth-quarter earnings of 10.47 dollars per share on revenue of 12.3 billion dollars.

"We ended 2012 with a strong quarter," said Larry Page, Google' s chief executive officer, in a statement.

"In today's multi-screen world we face tremendous opportunities as a technology company focused on user benefit. It's an incredibly exciting time to be at Google," he added.

Google noted that the sales figure didn't include revenue from Motorola Home, the set-top box business the company bought as part of its acquisition of Motorola Mobility.

On Dec. 19 last year, Google announced to sell Motorola Home to Arris, a broadband media technology company, for around 2.35 billion dollars. The transaction is expected to close in 2013.

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