Google on Thursday posted first quarter earnings of $11.58 per share on revenue of $11 billion, thus beating Street expectations of $10.64 in EPS on $11.11 billion in sales. The $11.58 EPS represented a 15% year-over-year increase from Q1 2012.
Google’s shares immediately climbed by 2% in after hours trading on news that it had beat expectations. On the downside for Google was the $271 million operating loss posted by its Motorola Mobility unit, which the company has
struggled to return to profitability ever since its acquisition in 2012. The company’s full press release is posted below.
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