Google’s 4th quarter earnings (Ended 31 Dec 2010)

Google reported a net income of US$2.54 billion (or US$7.81 per share) in the quarter ended 31 Dec. This is an increase of 29% from US$1.97 billion (or US$6.13 per share) in the quarter a year earlier.

Google IncProfit excluding some items was US$8.75 a share, exceeding the US$8.08 average of estimates compiled by Bloomberg, and exceeding the US$6.79 a share from the quarter a year earlier.

Sales of US$6.37 billion (excluding commissions paid to advertising partners) surpassed the US$6.06 billion average of estimates. This is up from US$4.95 billion from the preceding year.

According to ComScore, Android beat Apple’s iPhone in US smartphone subscribers for the first time in November, accounting for 26% of the market, compared with 25% for Apple. BlackBerry maker Research In Motion continued to lead with 33.5%.

In the search-engine business, Google continues to lead. In December, Google accounted for 66.6% of searches in the US (up from 66.2% in November) compared to a share of 28% (down from 28.2%)  from Microsoft and Yahoo combined. Yahoo began using Microsoft’s Bing technology for its online search in August.

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One Response to “Google’s 4th quarter earnings (Ended 31 Dec 2010)”

  1. […] management changeout was announced during the press release on Thursday of Google’s Q4 financial results, which beat forecasts by Wall Street […]

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