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Ad-rate declines, mobile losses soften Google's earnings
2013-07-19 00:00:39| InfoWorld: Top News
Google's second-quarter revenue increased by 19 percent to about $14 billion, aided by consumers' shift to mobile devices, the company announced Thursday. But its stock fell as revenues and profits fell below Wall Street estimates, mainly due to ongoing reductions in ad rates and to huge losses suffered by Google's Motorola Mobility division, which all but disappeared from the mobile market a year ago as it is rumored to be reworking its entire product line.
Tags: mobile
losses
earnings
declines
Category:Information Technology