Share “News Summary: Google 4Q earnings top...”

News Summary: Google 4Q earnings top Street's view

Published on NewsOK Modified: January 22, 2013 at 6:38 pm •  Published: January 22, 2013

MONEYMAKING MACHINE: Google's fourth-quarter earnings edged up 7 percent to surpass analyst estimates even though the average price for the company's Internet search ads declined and its recently acquired Motorola Mobility operations suffered a big loss.

WHAT'S WORKING: The results announced Tuesday showed Google Inc. is attracting more advertising, extending the run of prosperity that the company has enjoyed since it went public in 2004. Google's fourth-quarter ad revenue rose 19 percent from the previous year.

PROBLEM AREAS: The average price for Google's search advertising fell 6 percent from the previous year and Motorola Mobility posted an operating loss of $353 million.