Google's net revenue jumped more than 27 per cent in the fourth quarter but fell short of Wall Street targets, sending shares down sharply in after hours trading today.
The number one internet search engine earned $2.71 billion, or $8.22 per share in the fourth
quarter, compared to $2.54 billion, or $7.81 per share in the same period the previous year.
Excluding certain items, Google said it earned $8.22 per share.
Its net revenue, which excludes fees shared with partner websites, was $8.13 billion in the fourth quarter, versus $6.37 billion in the year-ago period.
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Analysts polled by Thomson Reuters I/B/E/S were looking for net revenue of $8.4 billion.
Shares of Google were down 10 percent at $575 in after-hours trading .
Reuters