Google has released its earnings report for the third quarter of the year. For the three month period, Google pulled in $2.78 billion in operating income, 19% of its $14.1 billion in revenues. This is down on same quarter last year, where It had $3.08 billion in operating income. Motorola contributed $2.58 billion in revenues for the quarter, but still operated at a loss of $527 million. The bulk of those losses, $505 million, were attributed to the mobile side of Motorola.
Google's EPS (Earnings Per Share) were just $6.53, down from $8.33 in the same period last year. Google's stock slid nearly 10% on the earnings report, triggering a halt in trading. Hopefully we'll know more in the coming da ys as to the reasons behind its lackluster earnings.
In the meantime, it seems the earnings report may have been released before it was ready, as the BBC notes that the SEC filing was missing a quote from Google CEO Larry Page, and marked as "PENDING LARRY QUOTE."
We'll bring you more analysis of these numbers later today.
Source: SEC, BBC News
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