{"id":57233,"date":"2014-10-17T05:42:45","date_gmt":"2014-10-17T05:42:45","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=57233"},"modified":"2014-10-16T21:44:07","modified_gmt":"2014-10-16T21:44:07","slug":"google-earnings-miss-expectations","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=57233","title":{"rendered":"Google earnings miss expectations"},"content":{"rendered":"<p id=\"story_continues_1\">Google has reported third-quarter profits of $2.8bn (\u00a31.7bn), down 5% from the same period a year earlier.<\/p>\n<p>That sent shares in the internet giant down over 3% in after-hours trading.<\/p>\n<p>A closely-watched figure &#8211; the average cost-per-click that Google &#8211; decreased by 2%.<\/p>\n<p>The company also missed analyst expectations for revenue, which increased by 20% to $16.52bn for the period, which was for the three months ending on 30 September 2014.<\/p>\n<p>&#8220;We continue to be excited about the growth in our advertising and emerging businesses,&#8221; said Google chief financial officer Patrick Pichette<a href=\"https:\/\/investor.google.com\/earnings\/2014\/Q3_google_earnings.html\">in a statem<\/a><a href=\"https:\/\/investor.google.com\/earnings\/2014\/Q3_google_earnings.html\">ent<\/a>\u00a0accompanying the earnings statement.<\/p>\n<p>Google&#8217;s profits were also hit by increasing costs of real estate, such as data centres, and hardware inventory costs, which increased by 37% to $3.35bn from the same period a year earlier.<\/p>\n<p>Although Google makes the majority of its revenue from the advertising it places on its search site and others, the technology giant has been looking to expand its offerings.<\/p>\n<p>On Wednesday, it unveiled\u00a0<a href=\"http:\/\/www.bbc.co.uk\/news\/technology-29635958\">new models<\/a>\u00a0of its Nexus phone and tablet devices, as well as a new version of its Android operating system.<\/p>\n<p>&nbsp;<\/p>\n<p>Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Google has reported third-quarter profits of $2.8bn (\u00a31.7bn), down 5% from the same period a year earlier. That sent shares in the internet giant down over 3% in after-hours trading. A closely-watched figure &#8211; the average cost-per-click that Google &#8211; decreased by 2%. The company also missed analyst expectations for revenue, which increased by 20% [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":57234,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[18],"class_list":["post-57233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-dr-akwasi-osei"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/57233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57233"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/57233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/57234"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}