After its stock hit an all-time high earlier this week, Google announced its Q2 2013 earnings results, including unimpressive, but not terrible revenues of $14.11 billion and weak earnings per share (EPS) of $9.56*.
Analysts had predicted Google would bring in revenues north of $14 billion — around 14.42B — and EPS between $10.04 and $10.80. There was not a clear consensus, although expectations were largely positive.
Last quarter, Google reported revenues of $10.65 billion, profits of $2.89 billion, EPS of $10.08, and diluted earnings per share of $8.75. As for Q2 of 2012, Google’s revenues were $12.21 billion with an EPS of $8.42; this means, year-over-year, Google saw growth.
In the company’s announcement, CEO Larry Page encouraged shareholders to keep faith in Google’s mobile strategy:
With more devices, more information, and more activity online than ever, the potential to improve people’s lives even more is immense.
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With these results, many are left wondering if Google will indeed hit its rumored $1,000 share price. Today the company was slightly down at 914.08. In after hours trading, the company is down by almost 5%.
*Correction: An earlier version of this article incorrectly quoted Google’s GAAP EPS. It has been replaced with the Non-GAAP figure.
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