Google reported earnings of $10.08 per share on $10.65 billion in revenue. That was good enough to beat estimates of $9.64 per share on $8.1 billion in revenue. After $2.51 billion in traffic acquisition costs Google’s revenue netted down to $8.14 billion.
In the same quarter last year Google reported $8.08 per share on $6.5 billion in revenue.
The biggest announcement today from Google was that they are issuing a class C non voting stock effectively giving investors a 2 to 1 stock split. The new shares will trade under a separate ticker on the Nasdaq.
More after the break