Google Tops Estimates and Announces Split.

Thursday, April 12, 2012

Google Tops Estimates and Announces Split.

Google Tops Estimates and Announces Split.

Google (GOOG) reported EPS of $10.08 topping Wall Street estimates by +$0.44. Excluding revenue passed on to partner sites, sales rose to $8.14 billion, matching estimates. The average cost per click declined 12%, while the number of paid clicks rose about 39%. Including mobile and desktop-computer searches, Google had 76% of spending on query-based marketing. Google+ continues to grow and now has more than 170 million users. The company also announced plans for a stock split. Shareholders will receive a new class of nonvoting stock. After Hours: 658.49 +7.48 (1.15%)

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Thursday, April 12, 2012