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Google Worth over $14 Billion

(Reuters) – Google Inc said that its consolidated revenue increased 12 percent to $14.89 billion in the third quarter, even as losses deepened at its Motorola mobile phone business.
Shares of Google rose more than 5 percent to $939.26 in after-hours trading on Thursday.
The world’s No.1 Web search engine said that its Internet business delivered net revenue, which excludes fees paid to partners, of $10.8 billion in the third quarter, up 23 percent from $8.76 billion in the year-ago period.
Google said that paid clicks increased 26 percent year-on-year during the three months ended September 30, while the average cost-per-click – the price that marketers pay Google when consumers click on their ads – decreased 8 percent.
Google said it earned $2.97 billion, or $8.75 per share in the three months ended September 30, compared to $2.18 billion, or $6.53 per share, last year.
Operating loss at Motorola, Google’s mobile phone business, totaled $248 million during the third quarter, compared to a loss of $192 million in the third quarter of 2012.
 

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