“Google’s net income was $2.89 billion, or $8.62 per share during the final three months of last year. That compared to net income of $2.71 billion, or $8.22 per share, at the same time last year,” CNBC reports. “Excluding items but including Motorola Home, the company earned $10.59 per share, up from $9.50 a share in the year-earlier period. Revenue including Motorola Home increased 50 percent to $12.16 billion from $8.13 billion a year ago.”
CNBC reports, “Analysts had expected the company to report earnings ex-items of $10.42 a share on $12.34 billion in revenue, according to a consensus estimate from Thomson Reuters… This quarter, Google said it is treating its Motorola Home unit as ‘discontinued operations’ and separating the group’s results from the rest of its businesses in its earnings release. This switch has sparked some confusion among Wall Street analysts, many of whom are still including Motorola Home in their estimates for Google’s earnings.”
Read more in the full article here.
MacDailyNews Take: Analysts are confused. And water is wet.