Google Misses On Q4 Revenue, EPS

Google Inc. GOOG GOOGL announced financial results Thursday for the fourth quarter and fiscal year ended December 31, 2014.

Revenue came in at $18.10 billion, below estimates of $18.46 billion and above the $15.71 billion reported in the prior year period.

Non-GAAP EPS for Q4 was $6.88, below estimates of $7.11 and above the $6.70 reported in the fourth quarter of 2013.

GAAP EPS for Q4 was $6.91 on 688 million diluted shares outstanding, compared to $4.95 in the fourth quarter of 2013 on 682 million diluted shares outstanding.

In the fourth quarter of 2014, traffic acquisition costs totaled $3.62 billion, or 22 percent of advertising revenues.

“Google’s full year revenue for 2014 was $66 billion, up 19 percent year on year,” said Patrick Pichette, CFO of Google, “and this quarter, our revenue was $18.1 billion, despite strong currency headwinds.”

Google Inc. traded at $500.95 in the after market session, down 1.90 percent; GOOGL shares traded at $502.90, down 2.01 percent.